It is a relationship between two or more persons which is based on mutual trust and good faith. Relationships between principal/agent, the insurer/the insured, partners in a partnership business, etc, are examples of fiduciary relationships.

Parties in fiduciary relationships owe themselves certain duties called fiduciary duties. Some of these duties are full disclosure among themselves, not to make secret profit and keeping of confidential information.
Join the community and submit your own definition.
Join the Community!

+ Define a Word


Fiat Fiduciary Fiduciary relationship Fieri facias File