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Dictionary Real Estate Dictionary F Fiduciary
Dictionary Real Estate Dictionary F Fiduciary
Fiduciary
- DATE ADDED:
- Tuesday, 07 April 2009
- FAVOURED:
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ANSWER
A relationship which implies a position of trust or confidence wherein one is usually entrusted to hold or manage property or money for another. Among the obligations a fiduciary owes to the principal are duties of loyalty; obedience; full disclosure; the duty to use skill, care and diligence; and the duty to account for all monies.