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fiduciary
[ fi-doo-shee-er-ee, -dyoo- ]
noun
- 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.
adjective
- 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.
- depending on public confidence for value or currency, as fiat money.
fiduciary
/ fɪˈduːʃɪərɪ /
noun
- a person bound to act for another's benefit, as a trustee in relation to his beneficiary
adjective
- having the nature of a trust
- of or relating to a trust or trustee
Derived Forms
- fiˈduciarily, adverb
Other Words From
- fi·du·ci·ar·i·ly [fi-doo-shee-, er, -, uh, -lee, -dyoo-], adverb
- non·fi·du·ci·ar·y adjective noun plural nonfiduciaries
Word History and Origins
Origin of fiduciary1
Word History and Origins
Origin of fiduciary1
Example Sentences
Other major fiduciaries include giant nonbanks like Vanguard, Fidelity, and BlackRock, none of which ever have ever faced a fine remotely as large.
Both measures would return banks to their traditional roles as objective providers of deposit, credit, payment, and fiduciary services.
Cherashore, a local hotel mogul, said the Water Authority has a “fiduciary duty” to further explore the pipeline and its costs.
These decision-makers think they have to choose between performance and diversity, when in fact they might actually be undermining their fiduciary responsibility by not prioritizing diversity and inclusion.
A data trust is a steward that manages people’s data on their behalf and has fiduciary duties toward its clients.
Those troublesome 65- and 66-year-olds, of course, raise not merely a fiduciary question, but a moral one.
The Quaker Friends Fiduciary Corporation also recently divested from Caterpillar.
So, no, I would not entrust my money to them, because it is clear that they do not feel any fiduciary responsibility to me.
So optimally the partner should be managing someone else's money—a so-called fiduciary institution, preferably a big pension fund.
Ruth Madoff's conduct included "fraudulent conveyances, breaches of fiduciary duties, conversions, and other wrongdoings."
For the young woman was very rich and Cicero had the care of her property, being left fiduciary heir.
That is just what Ludwig did offer—subsequently, however, backing it with a modest fiduciary bonus.
There is another kind of guardianship known as fiduciary guardianship, which arises in the following manner.
We now proceed to fiduciary bequests or trusts; and let us begin with trust inheritances.
I have placed arrows just for fiduciary marks so we can be looking at the same area.
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