fiduciary relationship
- A bond of trust where one person relies on another, who is duty-bound to act in the relying person's best interest. The person acting may have better knowledge or training
- The patient-doctor bond is a typical example of a fiduciary relationship.
- A lawyer legally enters into a fiduciary relationship with every client.
- In a fiduciary relationship, the trustee manages the assets for the benefit of the beneficiary.
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