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What is the difference between commingling and conversion?

While commingling refers to how funds are deposited by the fiduciary on behalf of the client, conversion is a term used to describe the act of using the client's money for a purpose other than what the funds were intended for.

What is an example of commingling?

Commingling is the act of mixing funds together, and conversion refers to the act of using funds for a purpose other than what they were originally intended for. For example, if the landlord were to deposit security deposit funds into the same bank account that holds his rental income, they would be commingling funds.

What is a commingling agreement?

Commingling Agreement means an agreement between two (2) or more Initiators of Deposit allowing some or all beverage containers for which they have initiated deposits to be commingled by Dealers and Redemption Centers.

What is improper commingling?

Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose. When we communicate effectively, both the sender and receiver feel satisfied.

What is commingling in law?

Primary tabs. Commingling refers broadly to the mixing of funds belonging to one party with funds belonging to another party. It most often describes a fiduciary's improper mixing of their personal funds with funds belonging to a client.

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