Browse the glossary using this index
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
W |
---|
Question: (Last edited: Wednesday, 18 January 2023, 4:16 PM)What does the term 'Fiduciary' relationship as stated in Sec 8 (1) (e) mean? | ||||
---|---|---|---|---|
Answer: In law, fiduciary denotes trust, especially with regard to the relationship between a trustee and a beneficiary. An example is the relationship between banker and depositor. Here the fiduciary has the duty to act in the best interest of other party (beneficiary). | ||||
Question: (Last edited: Wednesday, 18 January 2023, 4:16 PM)What does the term 'Opinion' under Sec 2(f) mean? | ||||
---|---|---|---|---|
Answer: It means the opinion noted in the note file by some officer at some point of time. The PIO is not expected to give his/her opinion on a request but just to furnish the matter requested as in the file. | ||||