Question

    A person who holds something in trust for another is

    known as?
    A Affinity sales Correct Answer Incorrect Answer
    B Pure Risk Correct Answer Incorrect Answer
    C Annuitization Correct Answer Incorrect Answer
    D Fiduciary Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets. Essentially, a fiduciary is a person or organization that owes to another the duties of good faith and trust. The highest legal duty of one party to another, it also involves being bound ethically to act in the other's best interests

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