Tort, Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents

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Tort - Depository Glossary Terms and Abbreviations

A tort is any act or failure to act (if there was a duty to act) which causes harm or damage. Examples of torts include assault, battery, fraud, misrepresentation, defamation, libel, slander, invasion of privacy, and negligence. If there is a claim against your corporation, other than a claim by the government, it will likely be based in contract or tort.

Depository glossary and terms by letter

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