A fiduciary is an advisor who must act in your best interest. Fiduciaries can't recommend products or investments based on the commission they'll receive.
As the meaning of fiduciary duty has evolved, pension boards have been slow to adapt. Change is even more important now, as pension funds grow and the financial markets in which they operate change. Short-term time frames, reliance on outdated investment theories, and unsustainable pension ...
Fiduciary definition: a person to whom property or power is entrusted for the benefit of another. See examples of FIDUCIARY used in a sentence.
The meaning of DUTY is conduct due to parents and superiors : respect. How to use duty in a sentence. Synonym Discussion of Duty.
duty→fiduciary duty2[countable, uncountable]a tax you pay on something you buy, import etcDemocrats want these imported vans classified as trucks and hit with a 25% duty.Dutyislevied(=charged)on every bottle of wine brought into the country.→ad valorem duty→countervailing duty→customs duty...
Other shareholders filed twolawsuits against Walmart, claiming some current and former directors and officers breached their fiduciary duties and violated federal securities law, also in connection with the company's distribution and dispensing of prescription opioids.— ...
2 adjective LAW involving the relationship of trust that a fiduciary must have with the person or organization whose assets or interests they are responsible forA person in a fiduciary position is not entitled to make a profit or to put himself in a position where his interest and duty ...
duty of loyalty is helpful to facilitate benefit-trust mode of physician-patient relationship. 构建医师的忠实义务在于促成利益信赖模式的医患关系。 2. As such,it is provided in law that directors assume fiduciary duty to the corporation and its shareholders,which mainly includes duty of care and ...
Home›Finance›Corporate Finance›What is a Fiduciary Duty? Definition:A fiduciary duty is a legal obligation of loyalty and care of someone else’s assets. It is a legal term that implies commitment to act in the best interest of another individual. ...
To prove the tipper’s liability or violation of fiduciary duty, a court often has to determine if the two parties had entered into a quid pro quo arrangement. This boils down to whether the tippee’s actions financially benefited the tipper. ...