fidiciary Sentence Examples
- A fiduciary is a person or organization that has the power and obligation to act in the best interests of another.
- Serving as a fiduciary requires displaying utmost integrity and adhering to the highest ethical standards.
- Trustees, executors, and guardians are common examples of fiduciaries who are legally entrusted with the responsibility of managing assets on others' behalf.
- When acting as a fiduciary, an individual is expected to prioritize the interests of the beneficiary over their own.
- Fiduciary duties commonly include managing assets prudently, exercising sound judgement, and avoiding conflicts of interest.
- A breach of fiduciary duty occurs when a fiduciary neglects or fails to fulfill their legal obligations towards the beneficiary.
- The concept of fiduciary responsibility has been recognized and upheld by courts across various jurisdictions worldwide.
- Penalties for breaching fiduciary duty may include legal liability, restitution of lost funds, and reputational damage.
- Fiduciary relationships are often governed by strict regulations and legal frameworks designed to protect the rights of beneficiaries.
- Seeking legal advice from professionals who specialize in fiduciary issues is crucial in situations involving complex fiduciary responsibilities.
fidiciary Meaning
fidiciary (a.)
Involving confidence or trust; confident; undoubting; faithful; firm; as, in a fiduciary capacity.
Holding, held, or founded, in trust.
Synonyms & Antonyms of fidiciary
No Synonyms and anytonyms found
FAQs About the word fidiciary
Involving confidence or trust; confident; undoubting; faithful; firm; as, in a fiduciary capacity., Holding, held, or founded, in trust.
No synonyms found.
No antonyms found.
A fiduciary is a person or organization that has the power and obligation to act in the best interests of another.
Serving as a fiduciary requires displaying utmost integrity and adhering to the highest ethical standards.
Trustees, executors, and guardians are common examples of fiduciaries who are legally entrusted with the responsibility of managing assets on others' behalf.
When acting as a fiduciary, an individual is expected to prioritize the interests of the beneficiary over their own.
