Fiduciary duty

USAGE SUMMARY

The phrase "Fiduciary duty" is correct and usable in written English.
It is typically used in legal and financial contexts to describe the obligation of one party to act in the best interest of another party. Example: "As a financial advisor, I have a fiduciary duty to ensure that my clients' investments are managed responsibly and ethically."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

What about fiduciary duty?

The New York Times

It's a breach of fiduciary duty".

The New York Times

Now, winning has become their fiduciary duty.

The New York Times

So it is possible they breached their fiduciary duty.

The New York Times

"There's no level of fiduciary duty between investors.

The New York Times

It's self-dealing, and it's a breach of fiduciary duty".

The New York Times - Tech

It called the conduct a breach of fiduciary duty.

The New York Times

It's our fiduciary duty to look at it".

The New York Times

The suit alleges fraud, breach of fiduciary duty and negligence.

The Guardian - Film

The jury found Mr. Gundlach and three co-defendants liable for breaching their fiduciary duty to Trust Company, known as TCW, not their fiduciary duty to investors.

The New York Times

12 16 p.m. Updated / To correct reference to ABB's fiduciary duty.

The New York Times

Expert writing Tips

Best practice

When discussing financial advisors, specify that those with a "fiduciary duty" are legally required to act in the client's best interest, providing an additional layer of trust and accountability.

Common error

Avoid assuming that all advisors or agents have a "fiduciary duty"; this duty only applies to those legally bound to act in another's best interest, such as registered investment advisors. Double-check if the specific professional is legally bounded by it.

Linguistic Context

The phrase "fiduciary duty" functions as a noun phrase, often serving as the subject or object of a sentence. It identifies a legal and ethical obligation of trust and care. Ludwig confirms that the phrase is grammatically correct and widely used.

Expression frequency: Very common

Frequent in

News & Media

42%

Formal & Business

30%

Science

15%

Less common in

Wiki

8%

Encyclopedias

3%

Reference

2%

Ludwig's WRAP-UP

The phrase "fiduciary duty" is a noun phrase denoting a legal and ethical obligation to act in the best interest of another party. As Ludwig AI confirms, it's grammatically correct and very common, especially in news, business, and scientific contexts. When writing, it's important to specify the context and scope of the duty and avoid assuming it applies universally. Related phrases include "trusteeship obligation" and "duty of care". Use it precisely to convey the significance of entrusted responsibility.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Responsibility of trust

Highlights the aspect of being entrusted with significant duties.

Obligation of loyalty

Stresses the importance of allegiance and faithfulness.

Trusteeship obligation

Emphasizes the formal role and responsibility of a trustee.

Stewardship responsibility

Highlights the responsibility to carefully manage something entrusted to one's care.

Duty of care

Focuses on the level of attention and diligence required.

Professional responsibility

Specifies the duty within a professional context.

Ethical responsibility

Highlights the ethical dimension of the obligation.

Legal obligation

Refers to the legal enforceability of the duty.

Mandatory obligation

Indicates the compulsory nature of the duty.

Guardianship duty

Highlights the protective role implied by the duty.

FAQs

When does someone have a "fiduciary duty"?

A "fiduciary duty" arises when one person (the fiduciary) is legally obligated to act in the best interests of another (the beneficiary), such as in financial advising, trusteeships, or corporate governance. This duty requires loyalty and care.

What are the consequences of breaching a "fiduciary duty"?

Breaching a "fiduciary duty" can result in legal action, including lawsuits for damages, and can lead to professional sanctions or loss of licensure. The exact consequences depend on the specific context and jurisdiction.

How is a "fiduciary duty" different from a standard business agreement?

A "fiduciary duty" goes beyond a standard business agreement by imposing a legal requirement to act in the other party's best interest. Standard agreements are often about mutual benefit, whereas a fiduciary relationship prioritizes the beneficiary's welfare.

What are some alternatives to the phrase "fiduciary duty"?

You can use alternatives like "trusteeship obligation", "ethical responsibility", or "duty of care" depending on the specific aspect you want to emphasize.