Civil Wrong

Civil Wrong
A civil wrong, also known as a tort, is an act or omission that violates a legal duty, giving the victim the right to bring a civil action for remedy.
Conversion (Tort)
Conversion is the tort equivalent to the crime of theft. It involves the unauthorized taking or use of someone else's property and can result in damages being awarded to the rightful owner.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.