Wanton Disregard

AAA

DEFINITION of 'Wanton Disregard '

A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly. Wanton disregard is not malicious, but it is more serious than carelessness. Wanton disregard can be used as evidence of gross negligence. In a lawsuit, wanton disregard might result in punitive damages depending on the severity of the situation and state laws.

INVESTOPEDIA EXPLAINS 'Wanton Disregard '

For example, let's say that a financial advisor at a large firm uses the company's online database to store sensitive information about his clients. The database is hacked and a client's identity is stolen. The client tells his financial advisor that he thinks his identity was stolen through the financial advisor's firm. The financial advisor notifies the appropriate people within the company, but they do not correct the problem. This would be considered wanton disregard because while the company is not intentionally or maliciously exposing its clients' sensitive financial data, but it is recklessly ignoring a problem that it has been made aware of.



RELATED TERMS
  1. Litigation Risk

    The possibility that legal action will be taken because of an ...
  2. Compensatory Damages

    Money awarded to a plaintiff to compensate for damages, injury, ...
  3. Restitution Payments

    The payment of punitive damages that are owed as a result of ...
  4. Comparative Negligence

    A principle of tort law that applies to casualty insurance in ...
  5. Misfeasance

    With regards to performance on a contract, misfeasance is engaging ...
  6. Fiduciary Negligence

    A professional malpractice in which a person fails to honor his ...
Related Articles
  1. Retirement

    Build A Wall Around Your Assets

    Learn how to protect your money from lawsuits, creditors and other judgment proceedings.
  2. Entrepreneurship

    Don't Get Sued: 5 Tips To Protect Your Small Business

    Find out what you can do to limit risk and keep your business running smoothly.
  3. Home & Auto

    Cover Your Company With Liability Insurance

    Every business is susceptible to legal action. Find out how to protect yours.
  4. Personal Finance

    Losing Money? Don't Blame Your Broker

    Tempting as it is to pass the buck for your losses, the true culprit may be closer to home.
  5. Professionals

    8 Ethical Guidelines For Brokers

    We examine the less obvious ethical dangers faced by a broker, and help you avoid trouble in ethical gray zones.
  6. Personal Finance

    Litigation: Are Your Investments At Risk?

    Don't let company lawsuits hit you unprepared. Learn how to uncover how they might affect you.
  7. Home & Auto

    Protect Your Company From Employee Lawsuits

    Understanding employment practices liability insurance is easy, once you know the basics.
  8. Professionals

    Human Resource Planning

    Just as companies must plan ahead to ensure a steady supply of raw materials, machinery and office space, they must also plan ahead to maintain a steady supply of quality employees. Human resource ...
  9. Professionals

    Value Proposition

    A value proposition is a company’s promise to its customers of a unique and relevant benefit. The value proposition is often the heart of a company’s advertising campaigns.
  10. Home & Auto

    Are any arm's-length transactions disadvantageous to both parties?

    Find out why arm's-length transactions are disadvantageous when the interests of the two parties coincide and they wish to deal below the true market value.

You May Also Like

Hot Definitions
  1. Multiplier Effect

    The expansion of a country's money supply that results from banks being able to lend. The size of the multiplier effect depends ...
  2. Command Economy

    A system where the government, rather than the free market, determines what goods should be produced, how much should be ...
  3. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  4. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  5. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  6. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
Trading Center