fiduciary relationship


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Related to fiduciary relationship: fiduciary duty

fiduciary relationship

n. where one person places complete confidence in another in regard to a particular transaction or one's general affairs or business. The relationship is not necessarily formally or legally established as in a declaration of trust, but can be one of moral or personal responsibility, due to the superior knowledge and training of the fiduciary as compared to the one whose affairs the fiduciary is handling. (See: fiduciary, trust)

fiduciary relationship

see TRUST.
References in periodicals archive ?
Although the presence of a fiduciary relationship is well
22) A fiduciary relationship implies not only private rights and duties, but also private remedies.
The mandates under which fiduciaries act differ widely across categories of fiduciary relationship.
reason, fiduciary relationships arise where a person takes control over
Insurance agents and brokers should be careful to avoid the creation of a fiduciary relationship.
5th DCA 1985), (30) a discrete fiduciary relationship between the majority and minority shareholders.
that where a fiduciary relationship does exist, such as between agent
26) A fiduciary is a person who stands in a position of trust and confidence vis-a-vis another in such circumstances that the fiduciary is bound, in matters falling within the scope of the fiduciary relationship, to place the interests of the principal before his or her own personal interests.
Whatever else this fiduciary relationship may demand, it certainly entails keeping clients informed of all "risks of representation," particularly financial ones.
The fiduciary relationship requires them to act in the best interest of RIL and not for the promotion of any group interest or individual interests.
routinely found a fiduciary relationship to exist between physicians and