fiduciary responsibility

USAGE SUMMARY

'fiduciary responsibility' is a correct and usable phrase in written English.
It is often used to refer to a legal responsibility that a person has to act in the best interests of another, especially when it comes to managing finances. For example, "The fiduciary responsibility of the company's board of directors resulted in a better outcome for shareholders."

✓ Grammatically correct

News & Media

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

We think it's our fiduciary responsibility".

The New York Times

"I had a fiduciary responsibility to uphold.

The New York Times

"They are breaching their fiduciary responsibility.

The New York Times

It's not in their fiduciary responsibility.

The Washington Post

They are serving their fiduciary responsibility well.

Harvard Business Review

And that's my fiduciary responsibility to my shareholders.

The New York Times

"They have a fiduciary responsibility for someone else's assets".

The New York Times

"We believe financial institutions have a fiduciary responsibility.

The New York Times

Donald Evans said it was a matter of fiduciary responsibility.

The New York Times - Magazine

"I have a fiduciary responsibility to my clients".

The New York Times

Rethink what fiduciary responsibility means in this changing world.

The Guardian

Expert writing Tips

Best practice

When discussing "fiduciary responsibility", clearly define who holds the responsibility and to whom it is owed. This avoids ambiguity and ensures clarity in your communication.

Common error

Avoid using "fiduciary responsibility" loosely to describe general ethical guidelines. It specifically refers to a legally defined duty to act in another's best interest, not just general moral conduct.

Linguistic Context

The phrase "fiduciary responsibility" functions primarily as a noun phrase. It identifies and describes a specific type of duty or obligation, often within a legal or financial context, as showcased by Ludwig.

Expression frequency: Very common

Frequent in

News & Media

45%

Formal & Business

30%

Academia

20%

Less common in

Science

2%

Encyclopedias

1%

Wiki

2%

Ludwig's WRAP-UP

In summary, "fiduciary responsibility" is a widely used noun phrase denoting a legal or ethical obligation to act in another's best interest. Ludwig AI confirms its grammatical correctness and frequent usage in news, business, and academic contexts. Understanding the term's specific meaning and avoiding confusion with general ethical guidelines are crucial for effective communication. Alternatives like "fiduciary duty" offer conciseness, while others such as "financial responsibility" highlight specific aspects. The term's prevalence in authoritative sources underscores its importance in formal discourse.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fiduciary duty

A more concise term for the same concept, emphasizing the obligation.

financial responsibility

Focuses specifically on the financial aspects of the responsibility.

accountability

Focuses on being answerable for one's actions and decisions.

trust responsibility

Underscores the element of trust inherent in the relationship.

legal obligation

Highlights the legal aspect of the duty.

duty of loyalty

Highlights the obligation to act in the best interests of another party.

ethical obligation

Focuses on the moral and ethical dimensions of the responsibility.

duty of care

Emphasizes the need for careful and prudent action.

trusteeship

Highlights the role of a trustee and their associated responsibilities.

stewardship

Emphasizes the responsible management of resources and assets.

FAQs

What does "fiduciary responsibility" mean?

It refers to the legal duty of a person or organization to act in the best interests of another person or group, especially when managing assets.

How to use "fiduciary responsibility" in a sentence?

Example: The board of directors has a "fiduciary responsibility" to the shareholders.

What is the difference between "fiduciary duty" and "fiduciary responsibility"?

They are often used interchangeably, but "fiduciary duty" is a more concise term, while "fiduciary responsibility" can encompass the broader scope of obligations.

What are some synonyms for "fiduciary responsibility"?

Alternatives include "financial responsibility", "legal obligation", or "duty of care depending on the context.