Fiduciary Liability
/ˌfɪdʃiˈɛri ˌlaɪəˈbɪləti/
Definitions
- (n.) Legal responsibility of a fiduciary to act in the best interests of another party, subject to breach claims for failing duties of loyalty and care.
The director faced fiduciary liability for mismanaging company funds.
Forms
- fiduciary liability
Related terms
See also
Commentary
Fiduciary liability specifically arises from breaches of fiduciary duties and is fundamental in corporate, trust, and agency law contexts.
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.