fiduciary Hear it!

fiduciary definition - finance
A person who is entrusted to manage financial assets, matters, and prop-erty for a beneficiaryÂ’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 fiduciaryÂ’s benefit. Many people have fiduciary responsibilities, including money managers and administrators of wills and estates.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.
Related Discussions (1)
TopicRepliesLatest Post
FIDUCIARY816 months ago

Browse Forums