0 a situation in which someone harms another person in a close relationship in ways that relate to money, for example by using the other person's money for themselves, or making them spend money by tricking them:
The committee examined financial abuse and exploitation of the elderly.
Financial abuse can include using credit cards without permission, putting contractual obligations in a partner’s name, or gambling with family assets.
The signs of financial abuse were there, as the value of the account decreased based on her son-in-law's withdrawals.
Individuals who need such protection may include minors, incapacitated persons, young adults, and those considered at risk for financial abuse.
Organizations should be encouraged to share information if they suspect financial abuse of vulnerable adults.
The state government recently added financial abuse as a crime under domestic violence laws.
