fiduciary relationship

fiduciary relationship
fiduciary re·la·tion·ship n: a relationship in which one party places special trust, confidence, and reliance in and is influenced by another who has a fiduciary duty to act for the benefit of the party – called also confidential relationship, fiduciary relation; see also fiduciary duty at duty
◇ A fiduciary relationship may be created by express agreement of the parties, or it may be imposed by law where established by the conduct of the parties. Typical fiduciary relationships exist between agents and principals, attorneys and clients, executors or administrators and legatees or heirs, trustees and beneficiaries, corporate directors or officers and stockholders, receivers or trustees in bankruptcy and creditors, guardians and wards, and confidential advisors and those advised.

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

fiduciary relationship
See trust.

Collins dictionary of law. . 2001.


fiduciary relationship
A relationship in which an individual places complete confidence, trust, and reliance in someone who has a fiduciary duty to act for the individual's benefit. A fiduciary relationship need not be formally or legally established; it may be assumed where the fiduciary has superior knowledge and training compared to the person whose affairs the fiduciary is handling.
Category: Business, LLCs & Corporations
Category: Small Claims Court & Lawsuits
Category: Wills, Trusts & Estates → Financial Powers of Attorney

Nolo’s Plain-English Law Dictionary. . 2009.


fiduciary relationship
n. A legally defined relationship in which one individual acts as a fiduciary protecting the interest of the other (for example, an attorney and client, or a trustee and beneficiary).

Webster's New World Law Dictionary. . 2000.

fiduciary relationship
n.
   where one person places complete confidence in another in regard to a particular transaction or one's general affairs or business. The relationship is not necessarily formally or legally established as in a declaration of trust, but can be one of moral or personal responsibility, due to the superior knowledge and training of the fiduciary as compared to the one whose affairs the fiduciary is handling.
   See also: fiduciary, trust

Law dictionary. . 2013.

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