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fiduciary Definition

fi·du·ci·ary (fi do̵̅o̅′s̸hē er′ē, -dyo̵̅o̅′-; --s̸hē ə rē, --s̸hə rē)

adjective

  1. designating or of a person who holds something in trust for another; of a trustee or trusteeship a fiduciary guardian for a minor child
  2. held in trust fiduciary property
  3. valuable only because of public confidence and support: said of certain money

Etymology: L fiduciarius < fiducia, trust, thing held in trust < fidere, to trust: see faith

noun pl. -·ar′·ies

trustee (sense )

fiduciary Synonyms

fiduciary

n.

trustee, depositary, curator; see guardian 1, trustee.

fiduciary Finance Definition
A person who is entrusted to manage financial assets, matters, and prop-erty for a beneficiary’s benefit. People who are fiduciaries have a fiduciary trust that requires actions taken on behalf of the beneficiary benefit that person and not result in misappropriating funds or making decisions for the fiduciary’s benefit. Many people have fiduciary responsibilities, including money managers and administrators of wills and estates.
fiduciary Law Definition

n

  1. An individual owing another a legal duty of care and good faith in the management of a business, money, or property; for example, a corporate officer or the executor of a will.
  2. adj. Descriptive of a relationship that confers special higher responsibilities. See fiduciary relationship.
fiduciary Usage Examples

Modifies a noun

  • duty: Answer: A manager has a fiduciary duty to act in the best interest of his artist.
  • obligation: However, note the possible development of fiduciary obligations.
  • relationship: Consideration must be given to whether the clause seeks to create a fiduciary relationship between the parties.
  • capacity: The draft IFRS extends the scope to include also entities that hold assets in a fiduciary capacity for a broad group of outsiders.
  • responsibility: The concept of fiduciary responsibility must be broadened to include ' external costs ' .
  • agent: Outside the financial services field, all fiduciary agents are obliged to disclose any commission they receive.

Browse dictionary entries near fiduciary

  1. ‹ fiducial
  2. ‹ fidgety
  3. ‹ fidget
  4. ‹ fidelity
  5. ‹ Fidelista
  6. ‹ Fidelismo
  7. ‹ fideism
  8. ‹ fiddling
  9. ‹ fiddlewood
  10. ‹ fiddlesticks
  1. fiduciary relationship ›
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