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.
What is Fiduciary Duty. A fiduciary duty exists when a person or entity has an obligation to act in another person or entityâs best interest. This comes into play when the relationship between the two parties involves a particular trust or confidence in, and reliance upon one party by another.