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Investments glossary

Nonfeasance


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Quotes of the day:

An inexhaustible good nature is one of the most precious gifts of heaven, spreading itself like oil over the troubled sea of thought, and keeping the mind smooth and equable in the roughest weather.

— Washington Irving

Nonfeasance is a legal concept that refers to the willful failure to execute or perform an act or duty required by one’s position, office, or law, whereby that neglect results in harm or damage to a person or property. The perpetrator can be found liable and subject to prosecution.


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