fiduciary duty



A legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of money or property. Also called fiduciary obligation.

Use fiduciary duty in a sentence

  • If you are forced to do something that you don't want to do just understand it is your fiduciary duty and get it over with.

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  • The gentleman had a fiduciary duty so that provided great relief for the woman knowing she was being taken care of by a caring individual.

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  • It can be your fiduciary duty to stand up and help out another party even if it may not be in the best interest of your company.

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