fiduciary duty
fiduciary duty see duty

Merriam-Webster’s Dictionary of Law. . 1996.

fiduciary duty
n.
The duty of a person or institution entrusted with someone else’s property to act in that person’s best interest while putting aside personal interests; the highest duty imposed by law.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


fiduciary duty
Duties owed by a fiduciary to a beneficiary. Examples of fiduciary duties include a duty of confidentiality, a duty of no conflict, and a duty not to profit from his position.
+ fiduciary duty
USA
One of the highest standards of care imposed by law based on the relationship between the parties (such as director and company). The fiduciary (the director) must show loyalty towards the person or entity to which the duty is owed (the company).
See also
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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