Fiduciary black's law dictionary
Webfiduciary. noun [ C ] LAW uk / fɪˈdjuːʃIəri / us / -ˈduːʃier- / plural fiduciaries. a person or organization who is responsible for managing money or property for another person or … WebFIDUCIARY DUTY Definition & Meaning - Black's Law Dictionary The Law Dictionary Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed. …
Fiduciary black's law dictionary
Did you know?
WebFIDUCIARY (A) A person or party that has an obligation to act in good faith, trust,…. TRUST MERGER When the trustee and the sole beneficiary of the trust are the same person or…. GENERATION-SKIPPING TRUST A trust designed to save on estate tax by passing the money through levels of…. SPENDTHRIFT TRUST A trust created for a beneficiary ... WebA relationship where a person or party places complete trust and faith in another who is hired or assigned for the purpose of acting within that person’s (or client’s) best interests. See Fiduciary. Related Legal Terms & Definitions. CONFIDENTIAL RELATIONSHIP A fiduciary, a close relationship where trust and confidentiality is to be ...
WebDuty of Loyalty. The duty of loyalty means that all directors and officers of a corporation working in their capacities as corporate fiduciaries must act without personal economic conflict. As the Delaware Supreme Court explained in Guth v. Loft, 5 A.2d 503, 510 (Del. 1939) , “Corporate officers and directors are not permitted to use their ...
WebFIDUCIARY. TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. (A) A person or party that has an obligation to act in good faith, trust, honesty and best interests of another. Examples of fiduciaries include trustees, attorneys and business advisors towards their clients, etc. (B) This term is borrowed from the civil law. Webfiduciary 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty.
WebTheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. The duty of care and loyalty and reasonable and impartial judgment owed when in a fiduciary capacity, being in a position of trust, e.g. a guardian or trustee. Related Legal Terms & Definitions. DUTY OF CARE The legal requirement of a fiduciary to act with reasonable care after being ...
WebAug 16, 2009 · A fiduciary is a person who holds in trust an estate to which another has a beneficial interest, or receives and controls income of another, as in the case of … foreverness meaningWebFIDUCIARY Definition & Legal Meaning Definition & Citations: The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a … foreverness bridal boutiqueWebLook at other dictionaries: minors' estates — Property of those who have not reached their legal majority and which must be administered after their death or during their lives under a court appointed fiduciary … Black's law dictionary. Uniform Transfers to Minors Act — n. An act governing transfers of property to a trust managed by a custodian for the benefit … diet ocean water calories