fiduciary duty
Definitions
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.
Equivalents
DeutschTreuepflicht
Examples
“The company’s charter bluntly states that OpenAI’s “primary fiduciary duty is to humanity,” not to investors or even employees.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
Know this word better than we do? Language is a living thing — help us keep it growing. Collaborate with Babel Free