What does fiduciary duty mean?
Definitions for fiduciary duty
fidu·cia·ry du·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fiduciary duty.
Princeton's WordNet
fiduciary dutynoun
the legal duty of a fiduciary to act in the best interests of the beneficiary
ChatGPT
fiduciary duty
Fiduciary duty is a legal obligation of one party, known as a fiduciary, to act in the best interest of another party. This responsibility includes honesty and trust, and the fiduciary is expected to manage the assets for the benefit of the other party, rather than for his or her own profit or benefit. This duty is often associated with financial advisors, trustees, board members and other professionals who are entrusted with managing someone else's money or affairs.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of fiduciary duty in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of fiduciary duty in Pythagorean Numerology is: 4
Examples of fiduciary duty in a Sentence
Many managers still seem to take the position that if investors have not yet discovered and objected to their expense allocation methodology, then it must be legitimate and consistent with their fiduciary duty.
Entities that create computer-generated portfolios but fail to do the necessary due diligence to know their customers and who specifically decline most if not all the fiduciary duty are not performing the duties of investment advisers.
If it is true that Penn Virginia could be sold for an 80 percent premium or more to a credible buyer, the board has a fiduciary duty to fully explore such an offer.
Mutual fund advisers have a fiduciary duty to manage the conflict of interest associated with fund distribution, namely whether to use their own assets or to recommend to their fund's board to use the fund's assets to distribute shares, first Eagle breached that fiduciary duty by using the funds' assets rather than its own money to pay for distribution.
Translations for fiduciary duty
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"fiduciary duty." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/fiduciary+duty>.
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