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.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • fiduciary relationship — a relationship in which one person holds a position of trust with respect to the other and is expected to act solely in the best interests of that person. In medicine, the doctor–patient relationship is a fiduciary relationship …   The new mediacal dictionary

  • fiduciary — fi·du·cia·ry 1 /fə dü shə rē, dyü , shē ˌer ē/ n pl ries: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care,… …   Law dictionary

  • Relationship counseling — Intervention ICD 9 CM 94.4 Relationship counseling is the process of counseling the parties of a relationship in an effort to recognize and to better manage or reconcile troublesome differences and repeating patterns of distress. The rela …   Wikipedia

  • Fiduciary — One party, for example a corporate trust company or the trust department of a bank, holds a fiduciary relation or acts in a fiduciary capacity to another, such as one whose funds are entrusted to it for investment. In a fiduciary relation one… …   Wikipedia

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary —    (Latin, fiducia: trust)    An individual or business (e.g., a bank or brokerage) that has the power to act for another in circumstances of trust. Often, a fiduciary is a trustee of a trust, but others filling this role can be attorneys,… …   Business law dictionary

  • fiduciary duty — see duty Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fiduciary duty n. Th …   Law dictionary

  • fiduciary duties — Directors owe duties to their company based on trustee principles. They must act honestly to protect its assets and not enrich themselves unduly at its expense. If they fail, the company may have a claim against them. Easyform Glossary of Law… …   Law dictionary

  • fiduciary — One who must act for the benefit of another party. Bloomberg Financial Dictionary * * * ▪ I. fiduciary fi‧du‧ci‧a‧ry 1 [fɪˈduːʆiəri ǁ eri] noun fiduciaries PLURALFORM 1. [countable] LAW someone who is responsible for the assets of people,… …   Financial and business terms

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”