Glossary of Terms

Bankrupt:

Declared in law unable to pay outstanding debts.

Liable:

Responsible by law; legally answerable.

Misappropriation of funds:

The unauthorized, improper, or unlawful use of funds or other property for purposes other than that for which intended.

Fraud:

Wrongful or criminal deception intended to result in financial or personal gain.

Misrepresentation:

The action or offense of giving a false or misleading account of the nature of something.

Civil dispute:

A civil dispute is a lawsuit that usually deals with contracts and/or torts. Torts, generally speaking, are wrongful (negligent) acts that result in damage or injury.

Questions? please contact the Advocis Member Services Department via phone at 1-800-563-5822 or 416 444-5251 or via email at info@advocis.ca