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fiduciary relationship

n. where one person places complete confidence in another in regard to a particular transaction or one's general affairs or business. The relationship is not necessarily formally or legally established as in a declaration of trust, but can be one of moral or personal responsibility, due to the superior knowledge and training of the fiduciary as compared to the one whose affairs the fiduciary is handling.

See also: fiduciary  trust 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications

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