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A fiduciary is a party that has a duty to act solely in another party's interests. This other party is referred to as a principle. Fiduciary duty is a strict duty of care that is established by taking on certain responsibilities. The following are a few examples:|
Fiduciary | Principle | Trustee | Beneficiary | Corporate Officer | Shareholders | Lawyer | Client | Legal guardian | Ward | Doctor | Patient | Director (Board of Directors) | Shareholders | Agent | Client | Executor | Heirs | Teacher | Student | Public Official | Public |
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Type | | Fiduciary Definition | A party that has a legal duty to act solely in a principle's interests. | Principle Definition | | Related Concepts | |
Compliance
This is the complete list of articles we have written about compliance.
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