TRANSART – Southern California

Medical / Judicial Interpreter – Spanish/English Translator

  • Site Hits

    • 12,913
  • Archived Posts

  • Admin

Term of the Day for Oct 06, 2009: Fiduciary Relationship

Posted by Legal / Medical Interpreter on 10/06/2009

Fiduciary Relationship

Special relationship of trust and confidence which, in the words justice Benjamin Nathan Cardozo (1870-1938; US Supreme court judge from 1932 to 1938) is “something more than the ordinary honor of the marketplace … the very punctilio of honesty and forthrightness.” Fiduciary relationships exist between an agent and principal, testator and trustee, testator and executor, ward and guardian, customer and bank, client and attorney, patient and doctor, partner and partner, stockholders (shareholders) and directors, etc. In these relationships law demands a higher than ordinary degree of care and responsibility from the dominant or trusted party.


Search For More Terms | Browse Our Entire Dictionary | Investing Dictionary | Stock Research

Copyright©2009 BusinessDictionary.com. All Rights Reserved. Unauthorized duplication, in whole or in part, is strictly prohibited.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: