Fiduciary duty

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Revision as of 10:48, 30 March 2016 by Doug Williamson (Talk | contribs) (Reworded so that the fiduciary duty is defined first and then the fiduciary's role.)

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A fiduciary duty is a legal duty to act solely in another party's interests.

A fiduciary is a person who occupies a position of trust in relation to someone else and is required to act for the latter's benefit within the scope of that relationship.

See also