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fiduciary duty

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
legal duty - acts which the law requires be done or forborne


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401(k) plan participant had a right to sue the plan administrator for breach of fiduciary duty under ERISA [section] 502(a)(2) (LaRue u.
The National Association of Mortgage Brokers (NAMB), McLean, Virginia, insists that "the consumer is the decision-maker, not the mortgage broker"--implying that fiduciary duty should not and cannot be owed to the borrower by the broker.
Chapters cover organizational responses to ethical problems, conflicts of interest and fiduciary duty, patient autonomy and the paradigm of physician-assisted suicide, and much more.
 
 
 
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