fiduciary duty

Definition of "fiduciary duty"
  1. 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
How to use "fiduciary duty" in a sentence
  1. The lawyer has a fiduciary duty to act in the best interest of his client.
  2. As a trustee, he must always follow his fiduciary duty towards his beneficiaries.
  3. Under the doctrine of fiduciary duty, the financial advisor acted with integrity while managing the client's portfolio.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z