What does fiduciary relation mean?
Definitions for fiduciary relation
fidu·cia·ry re·la·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fiduciary relation.
Princeton's WordNet
fiduciary relationnoun
the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter
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fiduciary relation
A fiduciary relation refers to a legal relationship or obligation between two or more parties in which one party, the fiduciary, is entrusted with the responsibility to act in the best interests, carry out responsibilities, and manage assets or services on behalf of the other party, often referred to as the principal or beneficiary. This relationship requires a high level of trust and confidence, and the fiduciary is expected to demonstrate a strict standard of honesty, good faith, loyalty, and transparency. Examples of such relations include among others, attorney-client, trustor-trustee, principal-agent, and doctor-patient relationships.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of fiduciary relation in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of fiduciary relation in Pythagorean Numerology is: 1
Translations for fiduciary relation
From our Multilingual Translation Dictionary
- پرتییی سلسلےUrdu
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"fiduciary relation." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/fiduciary+relation>.
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