What is Fiduciary Duty?

The term fiduciary duty refers to an obligation of trust and care between parties. For example, when a company calls you over the phone and requests a credit card for payment, the agent taking your credit card information has a fiduciary duty to the company they represent. The company the agent represents is depending on their agent to enter the credit card information and entrusting they will not do anything unethical or illegal with it. For more information, look here: