Punctilio of Honor Law and Legal Definition

In the U.S., punctilio of honor, or the highest standard of honor, is a term used to describe the level of care and attention that a fiduciary must abide by in his/her conduct to an individual or firm s/he has fiduciary relationship. In the case of joint venture, joint venturers owe each other the highest duty of loyalty. Loyalty, honesty and good faith constitutes Punctilio of Honor.