This page is about fiduciary in the legal sense. For optical field of view markers, see
fiduciary marker. The fiduciary duty is a legal relationship between two or more parties (most commonly a "fiduciary" or "
trustee" and a "principal" or "
beneficiary") that in
English common law is arguably the most important concept within the portion of the legal system known as
equity. In the United Kingdom, the
Judicature Acts merged the courts of Equity (historically based in England's
Court of Chancery) with the courts of common law, and as a result the concept of fiduciary duty also became usable in
common law courts.
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