Fiduciary debt

Definition of Fiduciary debt

A debt founded on or arising from some confidence or trust as distinguished from a "debt” founded simply on contract. Montgomery v. Phillips Petroleum Co., Tex.Civ.App., 49 S.W.2d 967, 973.

That's the definition of Fiduciary debt in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.

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