Answered

What is the definition of commingling?

A. Combining a client's funds with business or personal funds
B. Holding a client's funds in a temporary account
C. Holding onto a check written by a client until the day of closing
D. Using a client's funds without her permission



Answer :

GinnyAnswer

Final answer:

Commingling involves mixing a client's funds with personal or business funds, which is a serious financial practice issue.


Explanation:

Commingling refers to the act of combining a client's funds with business or personal funds. This practice is highly discouraged in accounting and finance as it can lead to serious legal and ethical issues. For example, if a real estate agent mixes their personal funds with the money paid by clients for property transactions, it could be considered commingling and can result in severe consequences.


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