| Audio pronunciation for
"fiduciary relationship"
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fiduciary relationship: a relationship in which a person has a duty to act for another’s benefit involving trust and good faith.
“Persons in a fiduciary relationship to a company have a particular duty of care in their dealings with the company.”
Related terms:
fiduciary duty: a duty to act on behalf of another that imposes an obligation of a fiduciary to be extremely loyal to the person owed the duty and to forsake any personal interest whatsoever. Plural is fiduciary duties.
fiduciary: the individual with the duty to act
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