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Fiduciary
01
a person or organization that holds a position of trust, responsibility, and confidence to manage assets or property on behalf of others
Examples
As a fiduciary, the trustee must act in the best interests of the beneficiaries.
fiduciary
01
legally obligated to act in the best interests of another party, typically when managing their assets or affairs
Examples
The lawyer has a fiduciary duty to act in the best interests of their client.
