Definitions for "Fiduciary responsibility"
the responsibility of a person or organization to handle finances of and gifts to the organization in a trustworthy manner
An obligation to act in the best interest of another party. This type of obligation typically exists when one person places special trust and confidence in another person and that responsibility is accepted.
A real estate agent's legal obligation to represent the client's best interest.
The duty that arises when one individual acts on behalf of, or for the benefit of, a third party.
a duty to act for someone else's benefit while subordinating one's personal interests to those of the other person
The duty of care and trust an individual, corporation or association has when holding assets for another party.