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fiduciary
[ fi-doo-shee-er-ee, -dyoo- ]
/ fɪˈdu ʃiˌɛr i, -ˈdyu- /
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noun, plural fi·du·ci·ar·ies.
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.
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Origin of fiduciary
First recorded in 1585–95; from Latin fīdūciārius “holding on trust; a trustee,” equivalent to fīdūci(a) “trust” + -ārius -ary
OTHER WORDS FROM fiduciary
fi·du·ci·ar·i·ly [fi-doo-shee-er-uh-lee, -dyoo-], /fɪˌdu ʃiˈɛr ə li, -ˌdyu-/, adverbnon·fi·du·ci·ar·y, adjective, noun, plural non·fi·du·ci·ar·ies.Words nearby fiduciary
fidge, fidget, fidgety, FIDO, fiducial, fiduciary, fiduciary bond, fiduciary issue, fidus Achates, fie, Fiedler
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use fiduciary in a sentence
British Dictionary definitions for fiduciary
fiduciary
/ (fɪˈduːʃɪərɪ) law /
noun plural -aries
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 of fiduciary
fiduciarily, adverbWord Origin for fiduciary
C17: from Latin fīdūciārius relating to something held in trust, from fīdūcia trust; see fiducial
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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