/fɪˈduʃiˌɛri rɪˈleɪʃənship/ – Phrase
Definition: quan hệ tín thác.
A more thorough explanation: A fiduciary relationship is a legal relationship in which one party, known as the fiduciary, is entrusted with the duty to act in the best interests of another party, known as the beneficiary. The fiduciary is required to exercise loyalty, good faith, and honesty in carrying out their responsibilities and must prioritize the interests of the beneficiary above their own. This relationship is characterized by a high standard of care and trust.
Example: In a fiduciary relationship, a trustee is obligated to act in the best interests of the beneficiaries of the trust.