Define: Negligence

UK Accounting Glossary

Definition: Negligence


Quick Summary of Negligence


Failure to exhibit care that one ought to exhibit.



What is the dictionary definition of Negligence?

Dictionary Definition


In Law, a tort in which a breach of a duty of care results in damages to the person to whom the duty is owed. Such a duty is owed by manufacturers to the consumers who buy their products, by accountants, doctors, solicitors, care workers, doctors, and other professional persons to their clients, by a company director to it’s shareholders/stakeholders. etc.

A person who has suffered loss or injury as a result of a breach in the duty of care can claim damages in tort.

The risk of potentially being sued for negligence makes it paramount for partners in accountancy firms that are not limited liability partnerships to obtain professional indemnity insurance.


Full Definition of Negligence




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Cite Term


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Page URL
https://payrollheaven.com/define/negligence/
Modern Language Association (MLA):
Negligence. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 17, 2019 https://payrollheaven.com/define/negligence/.
Chicago Manual of Style (CMS):
Negligence. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/negligence/ (accessed: July 17, 2019).
American Psychological Association (APA):
Negligence. PayrollHeaven.com. Retrieved July 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/negligence/

Definition Sources


Definitions for Negligence are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December 2018.