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. Build A Wall Around Your Assets
    Retirement

    Build A Wall Around Your Assets

  2. Don't Get Sued: 5 Tips To Protect Your ...
    Entrepreneurship

    Don't Get Sued: 5 Tips To Protect Your ...

  3. Cover Your Company With Liability Insurance
    Home & Auto

    Cover Your Company With Liability Insurance

  4. Losing Money? Don't Blame Your Broker
    Personal Finance

    Losing Money? Don't Blame Your Broker

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

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

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. 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 ...
  4. 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 ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center