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Disgorgement for Dummies

noun

pronunciation: dɪs'ɡɔrdʒmʌnt

What does Disgorgement really mean?

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Alright, so "disgorgement" is a kind of a legal term. It means when someone has to give back the money or profits they got because of something they did that wasn't right. It's like if they did something, and got some money from it, but it wasn't fair or it was against the rules, then they have to give that money back. It's kind of like when you play a game and someone breaks a rule and has to give back their points or their turn.

In a more formal way, disgorgement is a remedy in legal cases where a person or company has gained profits or benefits from their wrongful actions, like fraud or a violation of a duty. The court can order the wrongdoer to return the ill-gotten gains back to the affected party. This is done to make sure that the wrongdoer doesn't keep the benefits of their wrongful behavior and to put the affected party back in the position they would have been in if the wrongful actions hadn't occurred.

So, to sum it up, "disgorgement" is like making sure that someone who did something wrong doesn't get to keep the money or profits they got from it, and has to give it back to the person they wronged. It's like resetting the game and making sure everyone plays fair.

Revised and Fact checked by Megan Brown on 2023-11-15 10:02:27

Disgorgement In a sentece

Learn how to use Disgorgement inside a sentece

  • When a volcano erupts, it disgorges lava and ash.
  • The garbage truck will come to our neighborhood and disgorge all the trash from the bins into its compactor.
  • During a heavy rainstorm, the storm drains can become overwhelmed and disgorge water onto the streets.
  • After eating too much, the dog may disgorgement its dinner.
  • When the river floods, it may disgorgement the sediment it has been carrying, creating a new landform.