Fiduciary Duty

Fiduciary Duty - Fiduciary duty is a legal obligation requiring one party, the fiduciary, to act in the best interest of another party, typically a beneficiary or principal, with loyalty and care. This duty is paramount in relationships involving trust and confidence, such as those between trustees and beneficiaries, corporate directors and shareholders, or financial advisors and clients.

Class Information

JSON JSON-LD OWL XML Markdown

Identification

Label (rdfs)
Fiduciary Duty
Preferred Label
None
Alternative Labels
Trust Duty, Trustee Duty
Identifier
N/A

Definition and Examples

Definition
Fiduciary duty is a legal obligation requiring one party, the fiduciary, to act in the best interest of another party, typically a beneficiary or principal, with loyalty and care. This duty is paramount in relationships involving trust and confidence, such as those between trustees and beneficiaries, corporate directors and shareholders, or financial advisors and clients.
Examples
  • N/A

Translations

N/A

Class Relationships

Sub Class Of
Parent Class Of
Is Defined By
N/A
See Also
N/A

Additional Information

Comment
N/A
Description
N/A
Notes
  • N/A
Deprecated
False

Metadata

History Note
N/A
Editorial Note
N/A
In Scheme
N/A
Source
N/A
Country
N/A

Graph