fiduciary duty — ➔ duty … Financial and business terms
fiduciary duty — noun the legal duty of a fiduciary to act in the best interests of the beneficiary • Hypernyms: ↑legal duty … Useful english dictionary
breach of fiduciary duty — ˌbreach of fiˌduciary ˈduty breaches of fiduciary duty PLURALFORM noun [countable, uncountable] LAW when a person or company who has responsibility for managing other people s money fails to protect the interests of the people whose money they… … Financial and business terms
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
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,… … 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 out — USA An exception to the no shop covenant in a merger agreement. Generally, the board of directors of a public target company is subject to a heightened duty of care in a merger transaction and is charged with obtaining the highest value… … Law dictionary
duty — du·ty n pl du·ties [Anglo French deuté indebtedness, obligation, from deu owing, due, from Old French see due] 1: tasks, service, or functions that arise from one s position performing a police officer s duties; also: a period of being on duty… … Law dictionary
duty of care — see duty Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. duty of care … Law dictionary
duty of loyalty — see duty Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. duty of loyalty … Law dictionary
