This activity sheet is for heavy equipment operators and their supervisors. It should be used in conjunction with the activity sheet for the activity in which the heavy equipment is being used (building demolition, utility restoration). Additionally, operators of cranes and aerial lifts should also refer to the precautions outlined in the activity sheets for those operations.
A fiduciary relationship can be found where, in the actual circumstances of the relationship, the principal can expect the fiduciary to act in his (the principal's) interests in the relationship in a fiduciary manner.
DEFINITION of 'Fiduciary'. 1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit.2.A loan made on trust rather than against some security or asset. person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit. 2.