Definition of fiduciary duty in English English dictionary
(Kanun) A duty obligating a fiduciary (as an agent or trustee) to act with loyalty and honesty and in a manner consistent with the best interests of the beneficiary of the fiduciary relationship (as a principal or trust beneficiary)
A relationship of trust and responsibility that a HOA's Board of Directors or Board of Trustees owes towards all the unit owners
The legal responsibility for investing money or acting wisely on behalf of another Managers of charitable entities have fiduciary obligations to the charity See also: Ethical Behavior Topic areas: Fundraising and Financial Sustainability
The relationship of trust that buyers and sellers expect from a real estate agent The term also applies to legal and business relationships
Duties of care and loyalty created when a person undertakes to act for the benefit of another as to whom he has a relationship implying confidence and trust and creating the expectation that he will act with a high degree of good faith A general partner has a fiduciary duty to limited partners
The holding in trust of something by one person for another Also applies to legal, real estate and business relationships
legal obligation of one party to act in the best interests of another Canada has a fiduciary obligation with respect to Indians and lands reserved for Indians under s 91(24)
Fiduciary duty is what describes the relationship between a real estate agent and a buyer or seller The term also applies to legal and business relationships as well
The duties of loyalty, disclosure, confidentiality, obedience, reasonable care and diligence and full accounting that are required by law of any agent relative to his/her principal