wrongful abstraction

wrongful abstraction
An unauthorized and illegal taking or withholding of funds or securities from the possession and control of one's employer and the appropriation of such funds or securities to the benefit of the taker or to the benefit of another. 50 Am J1st Suret § 336.

Ballentine's law dictionary. . 1998.

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  • wrongful abstraction — noun : the unauthorized taking and removal by an employee of his employer s property in violation of instructions or the employer s legal rights resulting in loss or damage to the employer regardless of who may benefit therefrom …   Useful english dictionary

  • Abstraction — Ab*strac tion, n. [Cf. F. abstraction. See {Abstract}, a.] 1. The act of abstracting, separating, or withdrawing, or the state of being withdrawn; withdrawal. [1913 Webster] A wrongful abstraction of wealth from certain members of the community.… …   The Collaborative International Dictionary of English

  • abstraction — noun a) The act of abstracting, separating, or withdrawing, or the state of being withdrawn; withdrawal. The cancelling of the debt would be no destruction of wealth, but a transfer of it: a wrongful abstraction of wealth from certain members of… …   Wiktionary

  • abstraction — Taking from with intent to injure or defraud. Wrongful abstraction is unauthorized and illegal taking or withdrawing of funds, etc., and appropriation thereof to taker s benefit. Pacific Coast Adjustment Bureau v. Indemnity Ins. Co. of North… …   Black's law dictionary

  • abstraction — Taking from with intent to injure or defraud. Wrongful abstraction is unauthorized and illegal taking or withdrawing of funds, etc., and appropriation thereof to taker s benefit. Pacific Coast Adjustment Bureau v. Indemnity Ins. Co. of North… …   Black's law dictionary

  • abstraction — A taking; a removal, especially a wrongful taking or removal. Under the National Bank Act, the act of one who, being an officer of a national banking association, wrongfully takes or withdraws from it an of its moneys, funds, or credits, with… …   Ballentine's law dictionary

  • tort — /tawrt/, n. Law. a wrongful act, not including a breach of contract or trust, that results in injury to another s person, property, reputation, or the like, and for which the injured party is entitled to compensation. [1350 1400; ME: injury,… …   Universalium

  • State responsibility — The laws of state responsibility are the principles governing when and how a state is held responsible for a breach of an international obligation. Rather than set forth any particular obligations, the rules of state responsibility determine, in… …   Wikipedia

  • property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

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