Words / D / Law

disgorgement

/dɪsˈɡɔːdʒmənt/

C2CEFR level
85/100Rarity: very rare
TechnicalRegister

Law noun

A remedy requiring a wrongdoer to surrender profits improperly gained.

The court ordered disgorgement of the secret commission the agent had received from the supplier.

Similar: restitution

Topic: Corporate law in Legal English

Business noun

The forced surrender of profits obtained through wrongdoing.

The settlement required disgorgement of every dollar the desk earned on the tainted trades, plus interest.

Similar: forfeiture, restitution

Topic: Corporate governance in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law