Printer Friendly
The Free Dictionary
1,034,669,059 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

fiduciary
(redirected from Fiduciary relationship)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.42 sec.
Fiduciary
1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profits.

2. A loan made on trust rather than against some security or asset.

Notes:
1. Children or elderly people typically need a fiduciary. The person who looks after the assets on the other's behalf is expected to act in the best interests of the person whose assets they are in charge of. This is know as "fiduciary duty".

Fiduciary
One who must act for the benefit of another party.
fiduciary
A person, such as an investment manager or the executor of an estate, or an organization, such as a bank, entrusted with the property of another party and in whose best interests the fiduciary is expected to act when holding, investing, or otherwise using that party's property.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
In common law, a fiduciary relationship can exist in any relationship, not just those involving a young person.
The fixed age rule: young people, consent and research ethics by Bessant, Judith / Youth Studies Australia
Conversely, the courts are likely (but not invariably) to hold that a CPA offering business or financial advice does have a fiduciary relationship with the client.
Fiduciary responsibility and opportunity by Gray, Robert L. / The Tax Adviser
The second component of a fiduciary relationship is loyalty.
Health care boards can face criminal and civil liabilities by Spevak, Christopher / Physician Executive
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.