MISFEASANCE PROCEEDINGS
\mɪsfˈiːzəns pɹəsˈiːdɪŋz], \mɪsfˈiːzəns pɹəsˈiːdɪŋz], \m_ɪ_s_f_ˈiː_z_ə_n_s p_ɹ_ə_s_ˈiː_d_ɪ_ŋ_z]\
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A creditor, liquidator, official receiver, stockholders or shareholders initiating a court action to examine the conduct of any past or present officeholder of a firm. The defendant will have to repay and compensate the firm for misappropriated or misapplied firm monies and property, if found guilty. The defendant is also known as the misfeasor.
By Henry Campbell Black
Nearby Words
- misfallen
- misfalling
- misfare
- misfashion
- misfeasance
- MISFEASANCE PROCEEDINGS
- misfeature
- misfeazance
- misfeeling
- misfeign
- misfell