Commingling (Commingle)

Definition: Commingling is improperly mixing money entrusted to you with your own personal or business funds.

Example

A broker deposits a customer’s earnest-money check into the brokerage’s ordinary operating account instead of the proper escrow account.

Keep the distinction clear

Commingling concerns mixing funds; conversion concerns unauthorized use or control. Florida permits limited personal or brokerage funds in specified escrow accounts—up to $1,000 in a sales escrow account and $5,000 in a rental distribution escrow account. That allowance does not permit spending customer money.

Related terms

Escrow · Conversion (Entrusted Money or Property)

Keep studying

Florida Escrow Accounts: Personal Funds and Interest-Bearing Accounts

References: DBPR: personal funds in escrow

Pronunciation (US): kuh-MING-gling; commingle: kuh-MING-guhl (capitals show stress)

Pronunciation reference: Merriam-Webster