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Fiduciary Duty

Professional Legal Buzzword Legal

The legal obligation to act in the best interest of another party. Usually invoked when someone is about to block a decision for legal reasons.

Heard in the wild

“As a board member, I have a fiduciary duty to prioritize shareholder value over these experiments.”

Tone check: Professional

The ultimate trump card in corporate disputes. When this phrase appears, the conversation usually ends.

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