malfeasance

malfeasance definition - business

malfeasance

Performing an illegal act. For example, the treasurer of a civic organization diverts some of the organization's money to his personal bank account. Compare misfeasance. See also nonfeasance.

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.

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