fiduciary duty
/fɪˌduːʃieri ˈduːti/
Legal obligation to act in another's best financial interest
fiduciary duty in a sentence
“Financial advisors have a fiduciary duty to their clients.”
Origin of fiduciary duty
From Latin fiduciarius (held in trust), from fiducia (trust), from fidere (to trust)
Related Words
insolvency
Inability to pay debts when they become due
collateral
Assets pledged as security for a loan
capital expenditure
Funds used to acquire or upgrade physical assets
overhead
Ongoing business expenses not directly tied to production
revenue
Income generated from normal business operations
margin
The difference between cost and selling price