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

These decisions should be outlined in fiduciary and medical power of attorney documents.

From MarketWatch

If you seek out an independent adviser, remember that not all money managers are fiduciaries, professionals who have to act in their client’s best interest under the Investment Advisers Act of 1940.

From MarketWatch

"Governance arrangements are being developed transparently — in line with charity law, our fiduciary duties, and our moral purpose — to ensure proper oversight and accountability."

From BBC

This is where crypto will likely live first — not in the main lineup where fiduciary exposure is high, but in the optional “choose your own adventure” lane.

From MarketWatch

The board of directors of Warner Bros. said in a statement Monday that “consistent with its fiduciary duties” it is carefully reviewing and will consider Paramount’s offer “in accordance” with its agreement with Netflix.

From Los Angeles Times