HyperDic: fiduciary_relation

English > 1 sense of the expression fiduciary relation:
NOUNrelationfiduciary relationthe legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter
English > fiduciary relation: 1 sense > noun 1, relation
MeaningThe legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter.
Categorylaw, jurisprudenceThe collection of rules imposed by authority
Narrowerbank-depositor relationThe responsibility of a bank to act in the best interests of the depositors
confidential adviser-advisee relationThe responsibility of a confidential adviser to act in the best interest of the advisee
conservator-ward relationThe responsibility of a conservator to act in the best interests of the ward
director-stockholder relationThe responsibility of corporate directors to act in the best interests of stockholders
executor-heir relationThe responsibility of an executor (or administrator) of an estate to act in the best interests of the heir
lawyer-client relation, attorney-client relationThe responsibility of a lawyer to act in the best interests of the client
partner relationThe responsibility of partners to act in one another's best interests
receiver-creditor relationThe responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
trustee-beneficiary relationThe responsibility of a trustee to act in the best interests of the beneficiary
Broaderlegal relationA professional relation that is regulated by law (as between a lawyer and a client)

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