Thursday, February 17, 2005
fiduciary adjective [fih-DOO-shee-air-ee] Relating to the holding of something in trust for another.
Definitions for fiduciary
- Relating to the holding of something in trust for another.
- Someone who stands in a special relation of trust, confidence, or responsibility in certain obligations to others; a trustee.
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Citations for fiduciary
American capitalism relies heavily on the fiduciary duty concept to protect those who entrust their money to large and often distant corporations.
Corporate boards, whose members are elected by shareholders, bear the ultimate legal and fiduciary responsibility for the company's performance.
Origin of fiduciary
Fiduciary comes from Latin fiduciarius, from fiducia, "trust," and is related to faith and fidelity.