fiduciary(fĭdo͞oˈshēĕˌrē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. Among the common fiduciary relationships are guardian to ward, parent to child, lawyer to client, corporate director to corporation, trustee totrust, and bus...
Facebook Twitter Google Share on Facebook Fiduciary (redirected fromfiduciary duty) Dictionary Thesaurus Legal Acronyms Encyclopedia Wikipedia Related to fiduciary duty:Fiduciary Responsibility Fiduciary One who must act for the benefit of another party. ...
a child’s legal guardian), but the task often involves finances—for example, managing the assets of another person or a group of people. Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility. ...
The following fiduciary responsibility definition will clarify its meaning. The term fiduciary comes from the Latin term for “faith” or “trust.” A fiduciary responsibility speaks to the relationship between one party who is obligated to act in the best interest of another party. In its truest...
Related to fiduciary duty: Fiduciary ResponsibilityFiduciary An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit. A fiduciary relationship encompasses the id...
No Advisory or Fiduciary ResponsibilityIn connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees that: (i) (A) the arranging and other ...
Heritage of fiduciary responsibility We are accustomed to managing generations of family wealth, working to ensure that each trust is administered in accordance with its specific provisions and that the trust's terms are carried out as its creator intended. When making discretionary decisions, we see...
(c) no Underwriter has assumed or will assume an advisory or fiduciary responsibility in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether such Underwriter has advised or is currently advising the Company on other matters) ...
Fiduciary responsibility and responsible investment : definition, interpretation and implications for the key role players in the pension fund investment c... Since their creation in Europe in the seventeenth century, pension funds have grown to become one of the main sources of capital in the world...
“fiduciary at all times” obligationfor CFP® professionals. Notably, a fiduciary duty for CFP® professionals is not new – it was first added to CFP Board’sCode of Ethics and Professional Responsibilityback in 2007 – but the original fiduciary obligation appliedonly when CFP® certifica...