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fiduciary duty

fih-DOO-shee-air-ee DYOO-tee

fɪˈduːʃiɛri ˈdjuːti

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Syllable breakdown

fiduciaryduty

Dictionary meaning

legal obligation requiring a person or entity to act solely in another party's best interests; board directors owe fiduciary duties of care and loyalty to shareholders; breaching fiduciary duty can result in personal liability

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