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.
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.
- fi·du·ci·ar·i·ly [fi-doo-shee-er-uh-lee, -dyoo-], /fɪˌdu ʃiˈɛr ə li, -ˌdyu-/, adverb
- non·fi·du·ci·ar·y, adjective, noun, plural non·fi·du·ci·ar·ies.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use fiduciary in a sentence
Other major fiduciaries include giant nonbanks like Vanguard, Fidelity, and BlackRock, none of which ever have ever faced a fine remotely as large.How institutions that control vast wealth fall through U.S. regulatory cracks | Felix Salmon | December 3, 2020 | Axios
Both measures would return banks to their traditional roles as objective providers of deposit, credit, payment, and fiduciary services.Why it would be a huge mistake to allow Big Tech firms to acquire banks | jakemeth | November 26, 2020 | Fortune
Cherashore, a local hotel mogul, said the Water Authority has a “fiduciary duty” to further explore the pipeline and its costs.Environment Report: Pipeline Plan Takes a Small Step Forward (With Some Drama) | MacKenzie Elmer | November 23, 2020 | Voice of San Diego
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.The EU is launching a market for personal data. Here’s what that means for privacy. | Amy Nordrum | August 11, 2020 | MIT Technology Review
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.Poll Results: Our Readers Won't be Goldman Clients | Noah Kristula-Green | March 14, 2012 | THE DAILY BEAST
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.Plutarch's Lives, Volume IV | Aubrey Stewart
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.The Institutes of Justinian | Caesar Flavius Justinian
We now proceed to fiduciary bequests or trusts; and let us begin with trust inheritances.The Institutes of Justinian | Caesar Flavius Justinian
I have placed arrows just for fiduciary marks so we can be looking at the same area.Warren Commission (3 of 26): Hearings Vol. III (of 15) | The President's Commission on the Assassination of President Kennedy
British Dictionary definitions for fiduciary
a person bound to act for another's benefit, as a trustee in relation to his beneficiary
having the nature of a trust
of or relating to a trust or trustee
- fiduciarily, adverb
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012