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financial exploitation

Defined in 1 dictionary — U.S. Code

United States Code

42 U.S.C. § 3002 — for the purposes of this chapter (6 versions over time)

(A) The terms "exploitation" and "financial exploitation" mean the fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual, including a caregiver or fiduciary, that uses the resources of an older individual for monetary or personal benefit, profit, or gain, or that results in depriving an older individual of rightful access to, or use of, benefits, resources, belongings, or assets.