Confidential Relation

Business, Legal & Accounting Glossary

Definition: Confidential Relation




What is the dictionary definition of Confidential Relation?

Dictionary Definition


n. a relationship in which one person has confidence in and relies on another because of some combination of a history of trust, older age, family connection and/or superior training and knowledge, to a point where the party relied upon dominates the situation, for good or bad. While it may include attorney and client, stockbroker and customer, real estate agent and buyer, a senior family member and an unsophisticated relative, the relationship is defined on a case-by-case basis, with reliance and dominance the key factors. In this situation, the trusting party does not have to be as vigilant or suspicious as with strangers or people who are not relied upon. The time clock (statute of limitations) to bring a lawsuit against a crook who is in a confidential relationship may not start to run until the misdeeds become extremely obvious.


Cite Term


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https://payrollheaven.com/define/confidential-relation/
Modern Language Association (MLA):
Confidential Relation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 16, 2021 https://payrollheaven.com/define/confidential-relation/.
Chicago Manual of Style (CMS):
Confidential Relation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/confidential-relation/ (accessed: September 16, 2021).
American Psychological Association (APA):
Confidential Relation. PayrollHeaven.com. Retrieved September 16, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/confidential-relation/

Definition Sources


Definitions for Confidential Relation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.