Fiduciary Relationship Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Fiduciary Relationship, written in plain English, along with examples of how it is used.

What is Fiduciary Relationship?

n. Confidence placed in someone else regarding a transaction or one’s general affairs or business. The relationship does not need to be formally or legally established but can be based upon personal or moral responsibility due to a fiduciary’s superior knowledge and training as compared to the one whose affairs are being handled.