Dictionary
nonfeasance
the deliberate failure to act when you have an obligation to act
Where the actions are merely preparatory or take the form of culpable nonfeasance, the securities laws do not apply.
Other
- non-feasance
Common Mistakes
- Not to be confused with malfeasance (=committing an act that should not be done at all) and misfeasance (=the improper doing of an act which causes injury).