Fiduciary definition: Copy, customize, and use instantly
Introduction
The term "Fiduciary" refers to a person or entity that is entrusted with the responsibility of managing the assets or interests of another party, with a legal obligation to act in the best interest of that party. Fiduciaries are required to put the interests of those they represent above their own and avoid conflicts of interest.
Below are various examples of how "Fiduciary" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Fiduciary" as a person entrusted with managing another party’s assets
This definition ties "Fiduciary" to asset management.
"Fiduciary" refers to a person entrusted with managing another party’s assets, including the legal responsibility to act in the best interest of the beneficiary, avoiding conflicts of interest and self-dealing.
Definition of "Fiduciary" as a person or organization responsible for managing another’s financial interests
This definition connects "Fiduciary" to financial management.
"Fiduciary" means a person or organization responsible for managing another’s financial interests, ensuring that decisions made are for the benefit of the principal and in accordance with the terms of the agreement.
Definition of "Fiduciary" as a legal role requiring loyalty and care in managing another's affairs
This definition links "Fiduciary" to legal duties.
"Fiduciary" refers to a legal role requiring loyalty and care in managing another person’s affairs, where the fiduciary must act with honesty, integrity, and in the best interest of the person or entity they represent.
Definition of "Fiduciary" as a person with a duty to act in the best interest of another party
This definition ties "Fiduciary" to the duty of acting in the best interest of others.
"Fiduciary" refers to a person who has a legal and ethical duty to act in the best interest of another party, putting their interests above their own and exercising good faith and care in decision-making.
Definition of "Fiduciary" as an individual legally bound to act in the best interest of another party
This definition links "Fiduciary" to legal binding.
"Fiduciary" means an individual who is legally bound to act in the best interest of another party, often involving the management of assets, investments, or other financial matters.
Definition of "Fiduciary" as a person legally obligated to prioritize the interests of another over their own
This definition connects "Fiduciary" to prioritizing others' interests.
"Fiduciary" refers to a person legally obligated to prioritize the interests of another over their own, ensuring that any decisions made are in the best interests of the beneficiary or client.
Definition of "Fiduciary" as a person who holds assets or authority in trust for another
This definition ties "Fiduciary" to trust management.
"Fiduciary" means a person who holds assets or authority in trust for another, managing those assets with the utmost care, loyalty, and integrity.
Definition of "Fiduciary" as a person or entity responsible for overseeing and managing another’s estate
This definition connects "Fiduciary" to estate management.
"Fiduciary" refers to a person or entity responsible for overseeing and managing another’s estate, ensuring that the estate is administered in accordance with the deceased person’s wishes and legal requirements.
Definition of "Fiduciary" as an individual or institution that has a legal duty to protect and manage assets for another
This definition links "Fiduciary" to asset protection.
"Fiduciary" refers to an individual or institution that has a legal duty to protect and manage assets for another party, such as in the context of trust administration, investment management, or legal guardianship.
Definition of "Fiduciary" as a person who manages financial matters on behalf of another with a duty of care
This definition connects "Fiduciary" to financial management.
"Fiduciary" means a person who manages financial matters on behalf of another, with a legal duty of care to act in the best interests of the person or entity they represent, avoiding conflicts of interest.
Definition of "Fiduciary" as a role requiring the highest standard of trust and honesty in managing another’s interests
This definition ties "Fiduciary" to trust and honesty.
"Fiduciary" refers to a role that requires the highest standard of trust and honesty in managing another’s interests, ensuring that all actions are taken with transparency and integrity.
Definition of "Fiduciary" as a person entrusted with the duty of managing the interests of others in a trustworthy manner
This definition links "Fiduciary" to trustworthy management.
"Fiduciary" means a person entrusted with the duty of managing the interests of others in a trustworthy manner, with the obligation to act solely in the best interest of the other party, free from personal gain or conflict.
Definition of "Fiduciary" as a person or institution that manages and distributes assets under the guidance of the law
This definition connects "Fiduciary" to legal guidance.
"Fiduciary" refers to a person or institution that manages and distributes assets under the guidance of the law, ensuring that all actions taken are in compliance with legal and ethical standards.
Definition of "Fiduciary" as a legal position with responsibility for managing another party's assets and interests
This definition ties "Fiduciary" to a legal position.
"Fiduciary" refers to a legal position with the responsibility for managing another party's assets and interests, with a legal and ethical duty to act in the best interest of that party at all times.
Definition of "Fiduciary" as an individual with a duty of loyalty and care in managing another’s property or affairs
This definition connects "Fiduciary" to loyalty and care.
"Fiduciary" refers to an individual who holds a duty of loyalty and care in managing another’s property or affairs, ensuring that all decisions made benefit the other party and comply with applicable laws and regulations.
Definition of "Fiduciary" as a person responsible for the proper handling and distribution of a trust’s assets
This definition links "Fiduciary" to trust handling.
"Fiduciary" means a person responsible for the proper handling and distribution of a trust’s assets, managing the trust in accordance with its terms and the best interests of the beneficiaries.
Definition of "Fiduciary" as a person who has a legal obligation to act on behalf of another with utmost good faith
This definition connects "Fiduciary" to good faith.
"Fiduciary" refers to a person who has a legal obligation to act on behalf of another with the utmost good faith, exercising due diligence and loyalty in managing their interests.
Definition of "Fiduciary" as a person who manages the financial assets or estate of another with a duty to avoid conflicts of interest
This definition ties "Fiduciary" to conflict avoidance.
"Fiduciary" refers to a person who manages the financial assets or estate of another, with a duty to avoid conflicts of interest and ensure that all decisions are made for the benefit of the party they represent.
Definition of "Fiduciary" as an individual responsible for managing another's affairs with a legal obligation to act in good faith
This definition ties "Fiduciary" to good faith management.
"Fiduciary" refers to an individual responsible for managing another's affairs, with a legal obligation to act in good faith, always prioritizing the other party's interests and avoiding conflicts of interest.
Definition of "Fiduciary" as a person legally required to act with the highest standard of care when managing assets
This definition connects "Fiduciary" to care in asset management.
"Fiduciary" means a person who is legally required to act with the highest standard of care when managing assets, ensuring that all actions taken are for the benefit of the principal and not for personal gain.
Definition of "Fiduciary" as a person who is entrusted with managing assets or property on behalf of someone else
This definition ties "Fiduciary" to property management.
"Fiduciary" refers to a person who is entrusted with managing assets or property on behalf of someone else, and has a legal duty to act in the best interests of the person they represent.
Definition of "Fiduciary" as a role involving responsibility for acting in the best interest of another party
This definition links "Fiduciary" to responsibility for others' best interests.
"Fiduciary" means a role involving responsibility for acting in the best interest of another party, ensuring that all decisions made align with their goals and needs.
Definition of "Fiduciary" as an individual with the duty to manage another's property in a manner that avoids personal conflicts of interest
This definition connects "Fiduciary" to avoiding conflicts of interest.
"Fiduciary" refers to an individual with the duty to manage another's property in a manner that avoids personal conflicts of interest and ensures all decisions are made transparently and ethically.
Definition of "Fiduciary" as a professional who manages assets or property for a third party, ensuring their best interests are protected
This definition ties "Fiduciary" to asset management for third parties.
"Fiduciary" means a professional who manages assets or property for a third party, ensuring their best interests are protected and the management complies with legal and ethical standards.
Definition of "Fiduciary" as a person with the responsibility to act on behalf of another in financial or legal matters
This definition links "Fiduciary" to financial and legal matters.
"Fiduciary" refers to a person with the responsibility to act on behalf of another in financial or legal matters, making decisions that are in the other party’s best interest.
Definition of "Fiduciary" as an individual who holds a position of trust to manage the interests and assets of another person
This definition ties "Fiduciary" to positions of trust.
"Fiduciary" refers to an individual who holds a position of trust to manage the interests and assets of another person, with a legal duty to act with loyalty and care.
Definition of "Fiduciary" as a person who is legally obligated to act for the benefit of another party, especially in matters involving trust
This definition connects "Fiduciary" to legal obligations in trust matters.
"Fiduciary" means a person who is legally obligated to act for the benefit of another party, especially in matters involving trust, ensuring that all actions are made in their best interests.
Definition of "Fiduciary" as a party who holds a position of authority in handling another's affairs, ensuring fairness and transparency
This definition links "Fiduciary" to fairness and transparency.
"Fiduciary" refers to a party who holds a position of authority in handling another's affairs, ensuring fairness and transparency in all decisions made and actions taken.
Definition of "Fiduciary" as a person designated to oversee the management of another party's estate or assets
This definition ties "Fiduciary" to estate or asset management.
"Fiduciary" refers to a person designated to oversee the management of another party's estate or assets, ensuring that they are managed and distributed in accordance with the terms of the agreement or legal requirements.
Definition of "Fiduciary" as a role in which an individual is entrusted with managing someone else's investments
This definition connects "Fiduciary" to investment management.
"Fiduciary" means a role in which an individual is entrusted with managing someone else's investments, making decisions based on the investor's best interests and long-term financial goals.
Definition of "Fiduciary" as a professional responsible for acting in a client’s best interest and safeguarding their assets
This definition links "Fiduciary" to client care.
"Fiduciary" refers to a professional responsible for acting in a client’s best interest and safeguarding their assets, ensuring that all decisions prioritize the client’s well-being.
Definition of "Fiduciary" as a person or entity that holds the legal responsibility to act in good faith for another’s benefit
This definition connects "Fiduciary" to legal responsibility.
"Fiduciary" refers to a person or entity that holds the legal responsibility to act in good faith for another’s benefit, ensuring that all actions are made transparently and with full accountability.
Definition of "Fiduciary" as a legal position that requires loyalty, trust, and care in managing someone else’s assets
This definition ties "Fiduciary" to legal duties of loyalty and care.
"Fiduciary" refers to a legal position that requires loyalty, trust, and care in managing someone else’s assets, ensuring that decisions made benefit the principal and align with their goals.
Definition of "Fiduciary" as a person responsible for making financial decisions on behalf of another with a duty to avoid self-interest
This definition links "Fiduciary" to financial decision-making.
"Fiduciary" means a person responsible for making financial decisions on behalf of another, with a duty to avoid self-interest and ensure that decisions are made solely for the benefit of the party they represent.
Definition of "Fiduciary" as a person in charge of managing and protecting the interests of others in a professional capacity
This definition ties "Fiduciary" to professional duties.
"Fiduciary" refers to a person in charge of managing and protecting the interests of others in a professional capacity, ensuring that all actions are conducted with the utmost care and responsibility.
Definition of "Fiduciary" as an individual entrusted with the management of a trust’s assets, ensuring compliance with legal obligations
This definition connects "Fiduciary" to trust management.
"Fiduciary" means an individual entrusted with the management of a trust’s assets, ensuring compliance with legal obligations and the fulfillment of the trust’s terms.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.