![]() |
||||||||||||||||
|
||||||||||||||||
|
Fiduciary duty
Fiduciary dutyThe acts necessary (usually of an authorized employee or agent) to carry out a responsibility to care for assets prudently. RELATED TERMS-------------------------------------- Employee One who is authorized to act for another; a mandatory. Responsibility The obligation to answer for an act done, and to repair any injury it may have caused Assets Cash, property and investments along with anything else that may be of value to a individual or business. SIMILAR TERMS-------------------------------------- Fiducia Civil law. A contract by which we sell a thing to some one, that is, transmit to him the property of the thing, with the solemn forms of emancipation, on condition that he will sell it back to us. This species of contract took place in the emancipation of children, in testaments, and in pledges. Fiduciary This term is borrowed from the civil law. The Roman laws called a fiduciary heir, the person who was instituted heir, and who was charged to deliver the succession to a person designated by the testament. PREVIOUS AND NEXT TERMS-------------------------------------- Fide-jussor Civil law. One who becomes security for the debt of another, promising to pay it in case the principal does not do so. Fides Latin. Trust, confidence, reliance; credence, belief, faith. Fides servanda Faith must be kept; the good faith of a transaction will be given effect. A maxim with regard to sales of personalty. If there is no express warranty, general rules of implication should be adopted with this maxim in view. A warranty will be implied only when good faith requires it. Fiducia Civil law. A contract by which we sell a thing to some one, that is, transmit to him the property of the thing, with the solemn forms of emancipation, on condition that he will sell it back to us. This species of contract took place in the emancipation of children, in testaments, and in pledges. Fiduciary This term is borrowed from the civil law. The Roman laws called a fiduciary heir, the person who was instituted heir, and who was charged to deliver the succession to a person designated by the testament. Fiduciary duty Fief Fief or Feud. In its origin, a fief was a district of country allotted to one of the chiefs who invaded the Roman empire, as a stipend or reward; with a condition annexed that the possessor should do service faithfully both at home and in the wars, to him by whom it was given. The law of fiefs supposed that originally all lands belonged to lords, who had had the generosity to abandon them to others, from whom the actual possessors derive their rights upon the sole reservation of certain services more or less onerous as a sign of superiority. To this superiority was added that which gives the right of dispensing justice, a right which was originally attached to all fiefs, and conferred upon those who possessed it, the most eminent part of public power. Field A part of a farra separately enclosed; a close. The Digest defines a field to be a piece of land without a house; ager est locus, que sine villa est. Fieri Latin. To be done; to be made. Compare Facere. Fieri facias A writ of fieri facias commands a sheriff to take and sell enough property from the person who lost the law suit, to pay the debt owed by the judgment. Fieri feci Practice. The return which the sheriff, or other proper officer, makes to certain writs, signifying, "I have caused to be made." We thank you for using the Juridical Dictionary to search for Fiduciary duty. If you have a better definition for Fiduciary duty than the one presented here, please let us know by making use of the suggest a term option. This definition of Fiduciary duty may be disputed by other professionals. Our attempt is to provide easy definitions on Fiduciary duty and any other medical topic for the public at large.
|
|||||||||||||||
| © Juridical Dictionary 2005. All rights reserved. | ||||||||||||||||