In layman's terms, the evening can range anywhere from four o'clock to nine. In the vernacular of at least parts of the rural Southern United States and in some British dialects, evening is used to mean afternoon, as the main meal of the day, dinner, traditionally has occurred at midday.
âº relating to the responsibility to take care of someone else's money in a suitable way: 1  a breach of fiduciary duty. 2  fiduciary duties/obligations Management and the board of directors have fiduciary obligations which require that reports be produced in a manner consistent with these obligations.
Definition. A fiduciary duty is a legal duty to act solely in another party's interests. Parties owing this duty are called fiduciaries.The individuals to whom they owe a duty are called principals. Fiduciaries may not profit from their relationship with their principals unless they have the principals' express informed consent.efinition. A fiduciary duty is a legal duty to act solely in another party's interests. Parties owing this duty are called fiduciaries.