fiduciary duty

1. 1.

   the legal duty of a fiduciary to act in the best interests of the beneficiary

   Broaderlegal duty

Questions about fiduciary duty

What does fiduciary duty mean?

fiduciary duty means "the legal duty of a fiduciary to act in the best interests of the beneficiary".

Is fiduciary duty a common word?

fiduciary duty is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.