fiduciary relation

fiduciary relation
Often, but perhaps somewhat loosely, considered as the equivalent of confidential relation. There is a technical distinction between a fiduciary relation and a confidential relation, the former being more correctly applicable to legal relationships between parties, such as guardian and ward, administrator and heirs, trustee and cestui que trust, principal and agent, etc., while the latter includes such relationships and also every other relationship wherein confidence is rightfully reposed and is exercised. Roberts v Parsons, 195 Ky 274, 242 SW 594. See confidential relation.

Ballentine's law dictionary. . 1998.

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  • fiduciary relation — noun the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal relation • Hyponyms: ↑bank depositor relation, ↑ …   Useful english dictionary

  • fiduciary — fi·du·cia·ry 1 /fə dü shə rē, dyü , shē ˌer ē/ n pl ries: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care,… …   Law dictionary

  • fiduciary relationship — fiduciary re·la·tion·ship n: a relationship in which one party places special trust, confidence, and reliance in and is influenced by another who has a fiduciary duty to act for the benefit of the party – called also confidential relationship,… …   Law dictionary

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • Fiduciary — One party, for example a corporate trust company or the trust department of a bank, holds a fiduciary relation or acts in a fiduciary capacity to another, such as one whose funds are entrusted to it for investment. In a fiduciary relation one… …   Wikipedia

  • fiduciary — I. noun (plural ries) Date: 1631 one that holds a fiduciary relation or acts in a fiduciary capacity II. adjective Etymology: Latin fiduciarius, from fiducia confidence, trust, from fidere Date: circa 1641 of, relating to, or involving a… …   New Collegiate Dictionary

  • fiduciary — fiduciarily, adv. /fi dooh shee er ee, dyooh /, n., pl. fiduciaries, adj. n. 1. Law. a person to whom property or power is entrusted for the benefit of another. adj. 2. Law. of or pertaining to the relation between a fiduciary and his or her… …   Universalium

  • fiduciary — /fəˈdjuʃəri/ (say fuh dyoohshuhree) noun (plural fiduciaries) 1. Law a person to whom property is entrusted to hold, control, or manage for another. –adjective 2. Law of or relating to the relation between a fiduciary and his or her principal: a… …  

  • fiduciary — fi•du•ci•ar•y [[t]fɪˈdu ʃiˌɛr i, ˈdyu [/t]] n. pl. ar•ies, adj. 1) law Law. a person to whom property or power is entrusted for the benefit of another 2) law Law. of or pertaining to the relation between a fiduciary and his or her principal 3)… …   From formal English to slang

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