fiduciary duty

noun

The legal obligation of loyalty under which a fiduciary may have no conflict of duty between themselves and their principal, and must not profit from their position as a fiduciary.

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Meanings

nounfiduciary duty (plural fiduciary duties)

plural fiduciary duties

  1. lawThe legal obligation of loyalty under which a fiduciary may have no conflict of duty between themselves and their principal, and must not profit from their position as a fiduciary.

    The company’s charter bluntly states that OpenAI’s “primary fiduciary duty is to humanity,” not to investors or even employees.

    2023 November 20, Karen Hao, Charlie Warzel, “Inside the Chaos at OpenAI”, in The Atlantic

Translations

Chinese Mandarin 信託義務 /信托义务
  • 信託義務 /信托义务 (xìntuō yìwù)legal obligation
Finnish luottamusvelvollisuus
  • luottamusvelvollisuuslegal obligation
German Treuepflicht
  • Treuepflichtlegal obligation
Cite this entry
APA

fiduciary duty. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/fiduciary%20duty

MLA

“fiduciary duty.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/fiduciary%20duty. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “fiduciary duty,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/fiduciary%20duty.

Source: fiduciary duty on Wiktionary, CC BY-SA 4.0.