Fiduciary - Law Dictionary Search Results
surcharge
have been given n 1 : an additional or excessive charge 2 : a penalty imposed on a fiduciary for failing to exercise due care in the management of assets
agency
is achieved [death by criminal "W. R. LaFave and A. W. Scott, Jr."] 2 a : a consensual fiduciary relationship in which one party acts on behalf of and under the control of another in dealing with
breach
or law without excuse or justification breach of duty : a breach of a duty esp. by a fiduciary (as an agent or corporate officer) in carrying out the functions of his or her position breach of
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devastavit
property)] 1 : mismanagement or waste of the assets in the estate of a deceased person by the fiduciary in charge of the estate (as the executor) 2 : a common-law writ seeking a remedy for devastavit
director
persons usually elected by shareholders and entrusted with the overall control of a corporation NOTE: Directors owe a fiduciary duty to the shareholders in the exercise of their powers. Directors have the power to appoint and dismiss
due diligence
reasonable diligence NOTE: Due diligence is used most often in connection with the performance of a professional or fiduciary duty, or with regard to proceeding with a court action. Due care is used more often in connection
final account
matter (as the administration of an estate or a bankruptcy proceeding) showing transactions not previously reported by the fiduciary handling the matter
fraud
interests (as because of the violation of a public or private trust or confidence, the breach of a fiduciary duty, or the use of undue influence) called also legal fraud compare actual fraud in this entry equitable
inventory
or catalog of the property of an individual, organization, or estate or succession that is made by a fiduciary under oath and that usually describes and assigns a value to the items or classes of property b
nondischargeable debt
for money or property obtained by false pretenses and debts for fraud or defalcation while acting in a fiduciary capacity may be declared nondischargeable only if a creditor timely files and prevails in a nondischargeability action. Source:
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