Definition, Meaning & Synonyms

financial-mismanagement

noun

/fəˈnænʃəl ˌmɪsˈmænɪdʒmənt/

Definition

Financial mismanagement refers to the improper handling or oversight of an organization’s financial resources, leading to negative outcomes like waste, loss, or inefficiency.

Examples

The company’s collapse was primarily due to financial mismanagement by its previous directors.
Financial mismanagement can lead to bankruptcy if not addressed in time.
He was charged with financial mismanagement after millions went missing from the account.