Words / F / Law

fiduciary duty

phrase

C1CEFR level
55/100Rarity: uncommon
TechnicalRegister

The obligation of a director to act in good faith and in the best interests of the company rather than their own.

By diverting the contract to his own firm, the director breached his fiduciary duty.

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law