fiduciary duty

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Definitions from WordNet

Noun fiduciary duty has 1 sense

fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
--₁ is a kind of legal duty

Definitions from the Web

Fiduciary Duty

Noun: A legal obligation to act in the best interest of another party, typically a client or beneficiary, with a high standard of care and loyalty.

Example sentence: As a financial advisor, it is crucial to uphold fiduciary duty by making decisions that prioritize the financial well-being of the client.

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