adverse action

adverse action definition - business

adverse action

Any act that negatively affects a consumer. For example, an insurance company denies coverage to an applicant or a credit card issuer increases the interest rate charged on outstanding balances of an existing cardholder.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.