Fiduciary

{
  "id": "MLC-T-INS-001491",
  "term": "Fiduciary",
  "field": "Insurance and risk management",
  "definition": "An individual or entity entrusted with the responsibility to act in the best interests of another party, particularly concerning financial matters. This relationship requires a high standard of care, loyalty, and good faith. Examples include trustees, executors, and investment advisors who manage assets for beneficiaries.",
  "url": "https://mlchart.com/terminology/insurance/fiduciary/"
}