Treuepflicht

German

Etymology

Treue (“loyalty/faith”) +‎ Pflicht (“duty/obligation”)

Pronunciation

  • IPA(key): [ˈtʁɔɪ̯əˌp͡flɪçt]
  • Hyphenation: Treue‧pflicht

Noun

Treuepflicht f (genitive Treuepflicht, plural Treuepflichten)

  1. (finance, law) fiduciary duty, duty of loyalty (a legal or ethical relationship of trust between two or more parties, specifically the obligation of a manager to act in the best interest of the client)
    Die gesetzlich verankerte Treuepflicht untersagt es dem Portfoliomanager, Transaktionen durchzuführen, die nur dem Broker, aber nicht dem Anleger nützen.
    The legally anchored fiduciary duty or duty of loyalty prohibits the portfolio manager from executing transactions that only benefit the broker but not the investor.
    Bei einem Interessenkonflikt muss die Treuepflicht gegenüber dem Mandanten stets Vorrang vor den Eigeninteressen der Bank haben.
    In the event of a conflict of interest, the fiduciary duty toward the client must always take precedence over the bank's own interests.

Declension

Declension of Treuepflicht [feminine]
singular plural
indef. def. noun def. noun
nominative eine die Treuepflicht die Treuepflichten
genitive einer der Treuepflicht der Treuepflichten
dative einer der Treuepflicht den Treuepflichten
accusative eine die Treuepflicht die Treuepflichten

Synonyms

  • Fiduziarische Pflicht (fiduciary duty; technical term)
  • Loyalitätspflicht (duty of loyalty)

Antonyms

  • Eigennutz (self-interest)
  • Interessenkollision (conflict of interest)

Hypernyms

  • Rechtspflicht (legal obligation)
  • Verhaltensnorm (norm of conduct)

Coordinate terms

  • Ermessensfreiheit (the scope of action that is governed by the fiduciary duty)
  • Offenlegungspflicht (duty of disclosure; often a tool to ensure loyalty)
  • Sorgfaltspflicht (duty of care; the technical counterpart to the ethical loyalty)
  • Vermögensverwaltung (discretionary management; the typical area of application)

References

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