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fiduciary relationship

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.

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)



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Customers claim they had a fiduciary relationship and were not creditors.
The fiduciary relationship with our patients requires that we always choose what is best for the patient instead of what is best for ourselves or for our hospitals.
In denying Jones' assertion that he owned the materials, the court noted the unique fiduciary relationship between an attorney and a client.
 
 
 
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