In the stock market, using "inside" information (not available to the public) that is gained by being an officer of a corporation (or from such an officer) to profit from buying or selling shares before the information (e.g., merger plans, poor profit reports, new product developments) becomes public. Another form of self-dealing occurs when a general partner of a limited partnership does not inform the limited partners of a corporate opportunity that should belong to the partnership. Shareholders can bring a lawsuit for fraud (perhaps a derivative action) against anyone who is self-dealing. See insider trading.

Business law dictionary. 2015.

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  • self-dealing — n. A fiduciary’s use of property or funds entrusted to him or her for personal benefit, such as a trustee’s using trust property for himself or herself. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …   Law dictionary

  • self-dealing — ˌself ˈdealing noun [uncountable] FINANCE when someone working for a company uses their influence or knowledge illegally to gain a personal advantage: • The director was engaged in self dealing in a real estate project to the benefit of his… …   Financial and business terms

  • self–dealing — self–deal·ing / self dē liŋ/ n: engagement in a transaction that is intended primarily to benefit one s self or the narrow interests of a few (as corporate insiders) rather than those to whom one owes a duty by virtue of one s position… …   Law dictionary

  • Self-dealing — trustee, an attorney, a corporate officer, or other fiduciary that consists of taking advantage of his position in a transaction and acting for his own interests rather than for the interests of the beneficiaries of the trust, corporate… …   Wikipedia

  • Self-Dealing — A situation in which a fiduciary acts in his own best interest in a transaction rather than in the best interest of his clients. A fiduciary is legally obligated to act in the best interest of his clients. If he breaches this obligation, the… …   Investment dictionary

  • self-dealing — /self dee ling/, n. financial transaction conducted on a personal, nonbusinesslike basis, as lending or borrowing of corporate money by a director. [1935 40] * * * …   Universalium

  • self-dealing — ˈ ̷ ̷ ˈ ̷ ̷  ̷ ̷ noun : financial dealing that is not at arm s length ; especially : borrowing from or lending to a company by a controlling individual primarily to his own advantage * * * /self dee ling/, n. financial transaction conducted on a… …   Useful english dictionary

  • self-dealing — noun Date: 1940 financial dealing that is not at arm s length; especially borrowing from or lending to a company by a controlling individual primarily to the individual s own advantage …   New Collegiate Dictionary

  • self-dealing — Exists where person in fiduciary or confidential relationship uses property of another for his own personal benefit. For example, where a trustee, acting for himself and also as trustee, a relation which demands strict fidelity to others, seeks… …   Black's law dictionary

  • SELF-DEFENSE — (in modern Jewish history). Jewish efforts against attacking mobs in Russia and in Austria Hungary from the end of the 19th century until shortly after World War I. The nature of the pogroms in this period (especially in the years 1881–82,… …   Encyclopedia of Judaism

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