self-dealing

self-dealing
/self"dee"ling/, n.
financial transaction conducted on a personal, nonbusinesslike basis, as lending or borrowing of corporate money by a director.
[1935-40]

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Universalium. 2010.

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  • Self-dealing — trustee, an attorney, a corporate officer, or other fiduciary that consists of taking advantage of his position in a transaction and acting for his own interests rather than for the interests of the beneficiaries of the trust, corporate… …   Wikipedia

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  • self-dealing — noun Date: 1940 financial dealing that is not at arm s length; especially borrowing from or lending to a company by a controlling individual primarily to the individual s own advantage …   New Collegiate Dictionary

  • self-dealing — Exists where person in fiduciary or confidential relationship uses property of another for his own personal benefit. For example, where a trustee, acting for himself and also as trustee, a relation which demands strict fidelity to others, seeks… …   Black's law dictionary

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