What is COMMINGLING?

1. when cash and personal funds are mixed for a firm. The tax authorities find it dangerous and make the offender liable for a firms loss. 2. putting many items together so that they cannot be inspected without taking it apart. There is a high tax on it.

More On This Topic




Link to This Definition

Did you find this definition of COMMINGLING helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary