fiduciary relation

1. The legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter (synset 113860585)
   referred to in: jurisprudence, law - the collection of rules imposed by authority
   is a type of: legal relation - a professional relation that is regulated by law (as between a lawyer and a client)
   subtypes:

   • bank-depositor relation - the responsibility of a bank to act in the best interests of the depositors
   • confidential adviser-advisee relation - the responsibility of a confidential adviser to act in the best interest of the advisee
   • conservator-ward relation - the responsibility of a conservator to act in the best interests of the ward
   • director-stockholder relation - the responsibility of corporate directors to act in the best interests of stockholders
   • executor-heir relation - the responsibility of an executor (or administrator) of an estate to act in the best interests of the heir
   • attorney-client relation, lawyer-client relation - the responsibility of a lawyer to act in the best interests of the client
   • partner relation - the responsibility of partners to act in one another's best interests
   • receiver-creditor relation - the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
   • trustee-beneficiary relation - the responsibility of a trustee to act in the best interests of the beneficiary

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