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The American Heritage Dictionary of Business Terms » nonfeasance
nonfeasance
nonfeasance definition - business
nonfeasance
Failure to satisfactorily perform a duty or legally required act. For example, a business may not meet the terms of a contract. Compare malfeasance. See also misfeasance.
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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