fiduciary relation

fiduciary relation
noun
the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter
• Topics: ↑law, ↑jurisprudence
• Hypernyms: ↑legal relation
• Hyponyms:

* * *

noun
1. : the relation that is declared by a court to exist between parties to a transaction when the court desires to hold the offending party responsible to prevent unjust enrichment as though he were in fact a trustee for the other
2. : the relation existing when one person justifiably reposes confidence, faith, and reliance in another whose aid, advice, or protection is sought in some matter : the relation existing when good conscience requires one to act at all times for the sole benefit and interests of another with loyalty to those interests : the relation by law existing between certain classes of persons (as confidential advisor and the one advised; executors or administrators and legatees or heirs; conservators and wards, trustees, or beneficiaries; partners, joint adventurers, corporate directors or officers and stockholders; majority and minority stockholders; factors, agents, or brokers and principals; attorneys and clients; promoters and stock subscribers; mutual savings banks or investment corporations and their depositors or investors; receivers, trustees in bankruptcy, or assignees in insolvency and creditors)

Useful english dictionary. 2012.

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Look at other dictionaries:

  • fiduciary relation — Often, but perhaps somewhat loosely, considered as the equivalent of confidential relation. There is a technical distinction between a fiduciary relation and a confidential relation, the former being more correctly applicable to legal… …   Ballentine's law dictionary

  • fiduciary — fi·du·cia·ry 1 /fə dü shə rē, dyü , shē ˌer ē/ n pl ries: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care,… …   Law dictionary

  • fiduciary relationship — fiduciary re·la·tion·ship n: a relationship in which one party places special trust, confidence, and reliance in and is influenced by another who has a fiduciary duty to act for the benefit of the party – called also confidential relationship,… …   Law dictionary

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • Fiduciary — One party, for example a corporate trust company or the trust department of a bank, holds a fiduciary relation or acts in a fiduciary capacity to another, such as one whose funds are entrusted to it for investment. In a fiduciary relation one… …   Wikipedia

  • fiduciary — I. noun (plural ries) Date: 1631 one that holds a fiduciary relation or acts in a fiduciary capacity II. adjective Etymology: Latin fiduciarius, from fiducia confidence, trust, from fidere Date: circa 1641 of, relating to, or involving a… …   New Collegiate Dictionary

  • fiduciary — fiduciarily, adv. /fi dooh shee er ee, dyooh /, n., pl. fiduciaries, adj. n. 1. Law. a person to whom property or power is entrusted for the benefit of another. adj. 2. Law. of or pertaining to the relation between a fiduciary and his or her… …   Universalium

  • fiduciary — /fəˈdjuʃəri/ (say fuh dyoohshuhree) noun (plural fiduciaries) 1. Law a person to whom property is entrusted to hold, control, or manage for another. –adjective 2. Law of or relating to the relation between a fiduciary and his or her principal: a… …  

  • fiduciary — fi•du•ci•ar•y [[t]fɪˈdu ʃiˌɛr i, ˈdyu [/t]] n. pl. ar•ies, adj. 1) law Law. a person to whom property or power is entrusted for the benefit of another 2) law Law. of or pertaining to the relation between a fiduciary and his or her principal 3)… …   From formal English to slang

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