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fiduciary |
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fiduciary (fidoo´shēerē), n a person who has a duty to act primarily for another's benefit, as a trustee. Also, pertaining to the good faith and confidence involved in such a relationship. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In common law, a fiduciary relationship can exist in any relationship, not just those involving a young person. Conversely, the courts are likely (but not invariably) to hold that a CPA offering business or financial advice does have a fiduciary relationship with the client. The second component of a fiduciary relationship is loyalty. |
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