What does funds mismanagement mean?

According to USLegal.com, funds mismanagement, which may also be referred to as misappropriation of funds, means 'the intentional, illegal use or the funds of another person for one's own use or other unauthorized purpose'.


Definition of mismanagement

The Cambridge Dictionary describes mismanagement as "a situation in which something such as a company is organized or controlled badly".


Return to Glossary of business failures or read "High 'Cash' Burn Rate".

Create a free account to discover insights and learn business failures.

Last edited on 16 April 2020.