fiduciary Hear it!

fiduciary definition - legal

n

  1. An individual owing another a legal duty of care and good faith in the management of a business, money, or property; for example, a corporate officer or the executor of a will.
  2. adj. Descriptive of a relationship that confers special higher responsibilities. See fiduciary relationship.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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