| Library / English Dictionary |
FIDUCIARY RELATION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
The legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter
Classified under:
Nouns denoting relations between people or things or ideas
Hypernyms ("fiduciary relation" is a kind of...):
legal relation (a professional relation that is regulated by law (as between a lawyer and a client))
Domain category:
jurisprudence; law (the collection of rules imposed by authority)
Hyponyms (each of the following is a kind of "fiduciary relation"):
bank-depositor relation (the responsibility of a bank to act in the best interests of the depositors)
confidential adviser-advisee relation (the responsibility of a confidential adviser to act in the best interest of the advisee)
conservator-ward relation (the responsibility of a conservator to act in the best interests of the ward)
director-stockholder relation (the responsibility of corporate directors to act in the best interests of stockholders)
executor-heir relation (the responsibility of an executor (or administrator) of an estate to act in the best interests of the heir)
attorney-client relation; lawyer-client relation (the responsibility of a lawyer to act in the best interests of the client)
partner relation (the responsibility of partners to act in one another's best interests)
receiver-creditor relation (the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor)
trustee-beneficiary relation (the responsibility of a trustee to act in the best interests of the beneficiary)
