Cover Your Ass

AAA

DEFINITION of 'Cover Your Ass'

A tactic used by employees to share blame or divert blame should something go wrong. "Covering your ass" is usually done in big projects where an employee may choose to avoid taking credit for doing a critical part of the project just in case it goes bad.

INVESTOPEDIA EXPLAINS 'Cover Your Ass'

For example, if the acceptance or rejection of a crucial project relies on your forecast of cash flows for future years, you may include a footnote that your estimates were based on data provided by another employee in case your forecasts are completely wrong. This practice is often frowned upon.

RELATED TERMS
  1. Groupthink

    A phenomenon developed in groups and marked by the consensus ...
  2. Cyberslacking

    The act of avoiding work and/or other responsibilities by scouring ...
  3. Corporate Ladder

    A conceptualized view of a company's employment hierarchy in ...
  4. Goldbricker

    Anything of limited or no worth that is passed off as genuine ...
  5. Career-Ending Move

    A huge mistake or bad decision made by an employee that has big ...
  6. Coaster

    An employee with low ambition and, consequently, low productivity. ...
Related Articles
  1. Job Hunting: Higher Pay Vs. Better Benefits
    Retirement

    Job Hunting: Higher Pay Vs. Better Benefits

  2. How To Lay Off Staff
    Retirement

    How To Lay Off Staff

  3. Be Your Own Boss By Freelancing
    Retirement

    Be Your Own Boss By Freelancing

  4. Examples Of Using SWOT Analysis To Get ...
    Investing Basics

    Examples Of Using SWOT Analysis To Get ...

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center