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What Is a Surcharge? Definition, Uses and Importance.

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A money judgment which the court can impose on a fiduciary if their improper acts cause losses to an estate will be paid from its assets.

An additional price or surcharge. Surcharges are additional charges that are imposed on something that is already due, like a tax on a tax. The penalty that a court can impose on a fiduciary for breaching a duty is also included in the definition.

Equitable Surcharging is a term used in the law to demonstrate to an arbitrator or judge that a certain item should be included in an account that is believed to be resolved or completed.

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