Fiduciary Capacity
/ˌfɪdjuˈʃɛri ˈkæpəsəti/
Definitions
- (n.) The legal role or status in which a person or entity is entrusted to act on behalf of another with loyalty and care.
The trustee acted in a fiduciary capacity when managing the trust assets.
Forms
- fiduciary capacity
Related terms
See also
Commentary
This term describes the role or status in which fiduciary duties arise; clarity in contracts or legal instruments specifying fiduciary capacity helps delineate scope of obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.