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