fiduciary duty
- An obligation held by a fiduciary, such as an agent or trustee, to act faithfully and in a manner that best serves the beneficiary of the fiduciary relationship, such as a principal or a trust beneficiary
- The lawyer has a fiduciary duty to act in the best interest of his client.
- As a trustee, he must always follow his fiduciary duty towards his beneficiaries.
- Under the doctrine of fiduciary duty, the financial advisor acted with integrity while managing the client's portfolio.
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