fiduciaria

English translation: ...Fiduciary...

15:13 Oct 12, 2009

Spanish to English translations [PRO]
Law/Patents - Law: Contract(s) / business contract

Spanish term or phrase: fiduciaria

No asumimos ninguna responsabilidad fiduciaria en relacion con la prestacion de los Servicios.

Can anyone explain "in plain English" what this means? Explanations in Spanish or English are welcome.

Bloomfield KudoZ activity Questions: 216 (none open) Answers: 161 United States
Local time: 13:19

English translation:...Fiduciary...

Explanation:
| Definition Fiduciary | Define Fiduciary | What does ... - [ Traducir esta página ]Fiduciary, A person to whom property or power is entrusted for the benefit of another. Also may be used as an adjective. ...
www.ism.edu/define-fiduciary.html - En caché - Similares

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Note added at 3 mins (2009-10-12 15:16:30 GMT)
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Saludos
:)) eski

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Note added at 4 mins (2009-10-12 15:17:09 GMT)
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fiduciary adjective
/fɪˈdjuː.ʃi.ə.ri//-ˈduː.ʃi.er-/ adj specialized relating to the responsibility to look after someone else's money in a correct way
a breach of fiduciary duty

(Definition of fiduciary adjective from the Cambridge Advanced Learner's Dicti

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Note added at 4 mins (2009-10-12 15:17:43 GMT)
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Fiduciary
What is it? A fiduciary is a person legally appointed and authorized to hold assets in trust for another person and to manage those assets for the benefit of that person and not his/her own profits.

Added By: Patrick

The Fiduciary definition has been viewed 1833 Time(s)!

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Note added at 4 mins (2009-10-12 15:17:58 GMT)
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http://www.bankingglossary.net/definition/393-Fiduciary

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Note added at 5 mins (2009-10-12 15:18:30 GMT)
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http://www.hometravelagency.com/dictionary/fiduciary.html

Selected response from:

eski
Mexico
Local time: 11:19

Grading comment

Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +8

...Fiduciary...

eski

fiduciary responsibility

Valentina Del Maestro

Summary of reference entries provided

David Hollywood

Answers

2 mins confidence:

peer agreement (net): +8

...Fiduciary...

eski
Mexico
Local time: 11:19
Specializes in field
Native speaker of:

English,

Spanish
PRO pts in category: 631

Grading comment

Selected automatically based on peer agreement.

5 mins confidence:

fiduciary responsibility

Explanation:
;-)

Reference: http://www.efmoody.com/arbitration/fiduciary.html

Valentina Del Maestro
Italy
Local time: 19:19
Works in field
Native speaker of:

Italian

Reference comments

3 mins

Reference

Reference information:
Definition of Fiduciary

Black's Law Dictionary describes a fiduciary relationship as "one founded on trust or confidence reposed by one person in the integrity and fidelity of another." A fiduciary has a duty to act primarily for the client's benefit in matters connected with the undertaking and not for the fiduciary's own personal interest. Scrupulous good faith and candor are always required. Fiduciaries must always act in complete fairness and may not ever exert any influence or pressure, take selfish advantage, or deal with the client in such a way that it benefits themselves or prejudices the client. Business shrewdness, hard bargaining, and taking advantage of the forgetfulness or negligence of the client are totally prohibited by a fiduciary.

As fiduciaries, financial planners must make fair and complete disclosure of all material facts and must employ reasonable care to avoid misleading their clients. The utmost good faith is required in all their dealings. Simply put, fiduciaries must exhibit the highest form of trust, fidelity and confidence, and are expected to act in the best interest of their clients at all times.

The distinction between a financial planner with a fiduciary interest and a salesperson is crucial. A financial planner, under common law and by some statutes, is a fiduciary. A financial planner must always provide services and advice in the best interests of the client. Whereas salespeople may have their own motives and interests at heart and offer goods and services for a price, a fiduciary must serve the client, if necessary at the cost of the fiduciary's own interests.

David Hollywood
Native speaker of: English
PRO pts in category: 700

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