The duty owed by fiduciaries to those to whom they are responsible.
Duties of care and loyalty created when a person undertakes to act for the benefit of another as to whom he has a relationship implying confidence and trust and creating the expectation that he will act with a high degree of good faith. A general partner has a fiduciary duty to limited partners.
the legal duty of a fiduciary to act in the best interests of the beneficiary
a duty of great confidence and trust, which includes a high degree of good faith
a duty to act in the best interest of the organization
a high standard that requires the trustee to follow the terms of the trust and the law in good faith and with loyalty, confidence and candor to the beneficiaries
a legal obligation to treat another person fairly and honestly, and to act only in the best interests of that person
a relationship where one person is bound to exercise rights and powers in good faith for the benefit of another
Responsibilities held in trust by one person (or persons) on behalf of the Partners. In the case of this Partnership, the Managing Partner.
The duty of a fiduciary to act in a position of trust, good faith, candor, and responsibility, on behalf of another. The duty is one of the best defined responsibilities under the law and is very strictly enforced by the courts.
The legal responsibility for investing money or acting wisely on behalf of a beneficiary. More broadly, for foundation boards such responsibility must be legally exercised on behalf of the donors and the governing documents of the foundation.
The highest standard of care a broker owes to an investor client, based on the level of trust and confidence in the broker's expertise.
An individual or institution having a lawful responsibility to act in the best interests of another party.
The legal responsibility for investing money or acting wisely own behalf of another. Managers of charitable entities have fiduciary obligations to the charity. (See Due Diligence)
A person or organisation that has the responsibility of managing, holding or investing assets in the best interests of the owner.
To act with absolute trust. It is the role of the financial adviser to put the interests of their clients ahead of their own at all times.
An obligation to act in the best interest of another party. For instance, a corporation's board member has a fiduciary duty to the shareholders, a trustee has a fiduciary duty to the trust's beneficiaries, and an attorney has a fiduciary duty to a client.
responsibility imposed by operation of law (from congressional policies underlying the Commodity Exchange Act) which requires that a broker act with special care in the handling of a customer's account. Depending on the circumstances, not all breaches of fiduciary duty are violations of the Commodity Exchange Act.
responsibility to act with loyalty and prudence, and act in accordance with plan documents in the best interest of plan participants.
Responsibility to act with loyalty and prudence, to diversify plan assets, and act in accordance with plan documents.
legal obligation of one party to act in the best interests of another. Canada has a fiduciary obligation with respect to Indians and lands reserved for Indians under s.91(24) of the Constitution Act of 1982.
A relationship of trust between an agent and a seller or an agent and a buyer, or a lawyer and a client. An agent owes his/her principal various fiduciary duties such as competence, obedience, good faith and full disclosure, and full accounting.
the responsibility of an agent, principal or fiduciary to act in the best interests of the party he or she represents.
A professional responsibility to act truthfully and with good faith in representing a client. In their lines of work, title agents, bankers, and real estate agents all assume this responsibility.
A fiduciary duty is a duty that results from the holding in trust of something of worth for another. A person with a fiduciary duty is generally held to a higher standard of performance.
A requirement that someone in a position of trust, such as a banker, real-estate agent, or title agent, must act in good faith and trust on behalf of a client.
The legal duty of acting wisely (such as in the case of investing money) on behalf of another.
A duty owed by an agent to a principal to act in the highest good faith.
is where you have an obligation to act in the best interest of a third party