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Legal Definitions - misapplication
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Definition of misapplication
Definition: Misapplication is when someone uses funds or property in an improper or illegal way, even though they are supposed to be using them correctly. The verb form of misapplication is misapply.
Examples:
- A bank teller who takes money from a customer's account and uses it for personal expenses is guilty of misapplication.
- A charity organization that uses donations for purposes other than what they were intended for is also guilty of misapplication.
These examples illustrate how misapplication involves using funds or property in a way that is not allowed or authorized. It is important for individuals and organizations to use money and property responsibly and for their intended purposes.
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Simple Definition
Term: MISAPPLICATION
Definition: Misapplication means using money or property in a wrong or illegal way when you are supposed to use it in a legal way. It is like using your friend's toy without their permission or taking money from your piggy bank without your parents' permission. Misapply means to use something in a wrong or illegal way.
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