FIDUCIARY RELATION

Pronunciation (US): (GB):

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)