☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Fiduciary Duty

The highest standard of care recognized in law, imposed upon a person who stands in a special relationship of trust and confidence to another. A fiduciary must act solely in the interest of the beneficiary, with undivided loyalty and utmost good faith.

Etymology: Latin 'fiduciarius' (held in trust), from 'fiducia' (trust, confidence) · Category: Trust Law · Source: Meinhard v. Salmon, 249 N.Y. 458 (1928)
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