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adjective

fiduciary

relating to the legal obligation to act in the best interest of another party

In a sentence

Six example sentences with fiduciary, each labelled with its topic.

  • An adviser under a fiduciary standard must recommend the cheaper fund even when the pricier one pays him more.

    Finance

  • The court held that the trustee's fiduciary duty survived the sale, so he could not quietly keep the commission.

    Law

  • Directors owe a fiduciary duty to shareholders, which is why the chairman recused himself from the vote on his supplier.

    Business

  • Once the founders took outside money they owed a fiduciary duty, and lavish parties were no longer their own business.

    Startups

  • A player's agent stands in a fiduciary role, so pushing a contract that pays the agent more is a serious breach.

    Basketball

  • Because a doctor's role is fiduciary, prescribing a medicine for the maker's gift rather than the patient's benefit breaks that trust.

    Medicine

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