Law.of or relating to the relationship of trust and good faith between a fiduciary and the person for whom the fiduciary acts: The executor of a will has a fiduciary duty to act in the best interest of the beneficiary. The banks do not assume any financial responsibility—they act in a ...
Fiduciary Definition and Legal Meaning On this page, you'll find the legal definition and meaning of Fiduciary, written in plain English, along with examples of how it is used. What is Fiduciary? 1\) n. Latin meaning “trust.” Refers to a business or person who may act for another ...
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Fiduciary has the meaning set forth in ERISA Sec. 3(21). Exculpated Claim means any Claim related to any act or omission in connection with, relating to, or arising out of the Debtors' in or out of court restructuring, the Chapter 11 Cases, formulation, preparation, dissemination, negotiati...
fiduciary meaning, definition, what is fiduciary: someone who is responsible for the asset...: Learn more.
Fiduciary relationships exist across a number of industries, including law, medicine, and finance. Fiduciary duties will vary by role. What is a fiduciary? A fiduciary is an individual or organization who manages money and has a legal duty to act in the best financial interests of someone els...
in which the broker may represent both the buyer and seller.A seller's fiduciary must keep all the client's information confidential,not volunteer anything unless absolutely required by law, and attempt to gain the highest possible price for the property. A buyer's fiduciary must ferret out all...
Such transaction, in which Undue Influence of the fiduciary can be established, is void. West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved. fiduciary 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a ...
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and the beneficiary is the principal. Under a trustee/beneficiary duty, the fiduciary has legal ownership of the property or assets and holds the power necessary to handle assets held in the name of the trust. In estate law, the