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Home > QFINANCE Dictionary > Definition of gross negligence

Definition of

gross negligence

General Management

failure to act responsibly a breach of a duty to act with expected care in conducting activities.

Related definitions of "gross negligence"

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  • Corporate Insurance Cover: A Primer

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    Professional indemnity is mandatory for certain occupations. It protects against legal action by clients claiming damages for what they see as negligent or bad services.

  • Risk Management Revisited

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    One clear, and frankly gross, oversimplification is the assumption that risk is somehow homogenous and that, for example, equity investments relating to firms in Argentina or Sri Lanka can be analyzed using the same type of framework as for those stocks included in the S&P 500 index of the largest publicly quoted firms in the United States
    By Duncan Hughes

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Definitions of ’gross negligence’ and meaning of ’gross negligence’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’gross negligence’ and other financial terms with our online QFINANCE Financial Dictionary.

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