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Home > Legal Research > Glossary
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Fiduciary duty |
Definition : a duty obligating a fiduciary (as an agent or trustee) to act with loyalty and honesty and in a manner consistent with the best interests of the beneficiary of the fiduciary relationship (as a principal or trust beneficiary) 3 : See also tax esp : a tax on imports : not engaged in a duty <a police officer who is off duty> : engaged in a duty
Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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