fiduciary

American  

[fi-doo-shee-er-ee, -dyoo-] / fɪˈdu ʃiˌɛr i, -ˈdyu- /

noun

plural

fiduciaries

1. Law. a person to whom property or power is entrusted for the benefit of another.

   All investment advisors registered with the Securities and Exchange Commission (SEC) must act as fiduciaries.

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adjective

1. Law. of or relating to the relationship of trust and good faith between a fiduciary and the person for whom the fiduciary acts.

   The executor of a will has a fiduciary duty to act in the best interest of the beneficiary.

   The banks do not assume any financial responsibility—they act in a fiduciary capacity only.

   The American Medical Association said that physicians have a fiduciary responsibility to patients.

2. depending on public confidence for value or currency, as fiat money.

fiduciary British  

/ fɪˈduːʃɪərɪ /

noun

1. a person bound to act for another's benefit, as a trustee in relation to his beneficiary

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adjective

1. 1. having the nature of a trust

   2. of or relating to a trust or trustee

Other Word Forms

• fiduciarily adverb
• nonfiduciary adjective

Etymology

Origin of fiduciary

First recorded in 1585–95; from Latin fīdūciārius “holding on trust; a trustee,” equivalent to fīdūci(a) “trust” + -ārius -ary

Example Sentences

If enough shareholders tender at $30, Paramount could gain a larger stake in WBD and force the board into a fiduciary dilemma.

From MarketWatch

You can find a professional fiduciary — and their successor — through a local bar association, trust company or estate-planning attorney.

From MarketWatch

Shareholders, and particularly investment fiduciaries, have long turned to third-party experts called proxy advisors to help inform their decisions.

From Barron's

If your sister held power of attorney for your mother, she would be in breach of her fiduciary duty by putting her own interests ahead of your mother’s.

From MarketWatch

Without fiduciaries serving as a buffer between the participant and the market, investments will be suboptimal.

From MarketWatch