Remember Fiduciary/ Fiduciaryresponsibility
Fiduciary/ Fiduciaryresponsibility Technical Terms
Fiduciary/ Fiduciaryresponsibility : This term refers to a role of care, responsibility, and trust that one individual or entity has for another, often relating to the handling of financial transactions. Within community associations the term is commonly used to refer to the Board of Directors carrying out their functions for the Association. Insurance protection for that fiduciary role is found in a combination of Directors and Officers Liability and Fidelity Bond coverage.