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Showing results for mis-sell. Search instead for missels.

mis-sell

British  

verb

  1. to sell a financial product that is inappropriate for the needs of the customer

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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The Financial Services Authority chairman, Lord Turner, opined just last month that free accounts are loss leaders which encourage institutions to mis-sell loans and services to make up revenue.

From The Guardian ● Dec. 5, 2010

This, he added, “would make clear the excessive incentives they have to mis-sell the variable annuity, which has been the cause of regulatory problems in that area.”

From New York Times ● Feb. 16, 2010

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