[fi-doo-shee-er-ee, -dyoo-] Pronunciation Key noun, plural -ar·ies, adjective | 1. | Law. a person to whom property or power is entrusted for the benefit of another. |
| 2. | Law. of or pertaining to the relation between a fiduciary and his or her principal: a fiduciary capacity; a fiduciary duty. |
| 3. | of, based on, or in the nature of trust and confidence, as in public affairs: a fiduciary obligation of government employees. |
| 4. | depending on public confidence for value or currency, as fiat money. |
] —Related forms
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
| fi·du·ci·ar·y
(fĭ-dōō'shē-ěr'ē, -shə-rē, -dyōō'-, fī-) Pronunciation Key
adj.
n. pl. fi·du·ci·ar·ies One, such as an agent of a principal or a company director, that stands in a special relation of trust, confidence, or responsibility in certain obligations to others. [Latin fīdūciārius, from fīdūcia, trust; see fiducial.] |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
fiduciary
| fiduciary | |
adjective | |
| 1. | relating to or of the nature of a legal trust (i.e. the holding of something in trust for another); "a fiduciary contract"; "in a fiduciary capacity"; "fiducial power" |
noun | |
| 1. | a person who holds assets in trust for a beneficiary; "it is illegal for a fiduciary to misappropriate money for personal gain" |
Fiduciary
1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profits.
2. A loan made on trust rather than against some security or asset.
Investopedia Commentary
1. Children or elderly people typically need a fiduciary. The person who looks after the assets on the other's behalf is expected to act in the best interests of the person whose assets they are in charge of. This is know as "fiduciary duty".
Related Links
Defining Illegal Insider Trading
See also: Beneficiary, Blind Trust, Trust
fiduciary
- A person, such as an investment manager or the executor of an estate, or an organization, such as a bank, entrusted with the property of another party and in whose bestinterests the fiduciary is expected to act when holding, investing, or otherwise using that party's property.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Main Entry: fi·du·cia·ry
Pronunciation: f&-'dü-sh&-rE, -'dyü-, -shE-"er-E
Function: noun
Inflected Form: plural -ries
: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faithand with care, candor, and loyalty in fulfilling the obligation : one (as an agent) having a fiduciary duty to another —see also fiduciary duty at DUTY, FIDUCIARY RELATIONSHIP —compare PRINCIPAL
Main Entry: fi·du·cia·ry
Pronunciation: f&-'dü-sh&-rE, -'dyü-, -shE-"er-E
Function: noun
Inflected Form: plural -ries
: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faithand with care, candor, and loyalty in fulfilling the obligation : one (as an agent) having a fiduciary duty to another —see also fiduciary duty at DUTY, FIDUCIARY RELATIONSHIP —compare PRINCIPAL
Main Entry: fiduciary
Function: adjective
Etymology: Latin fiduciarius, from fiducia trust, transfer of a property on trust
1 : of, relating to, orinvolving a confidence or trust <a guardian acting in his fiduciary capacity>
2 : of or relating to a fiduciary or the position of a fiduciary <a fiduciarybond>
Main Entry: fiduciary
Function: adjective
Etymology: Latin fiduciarius, from fiducia trust, transfer of a property on trust
1 : of, relating to, orinvolving a confidence or trust <a guardian acting in his fiduciary capacity>
2 : of or relating to a fiduciary or the position of a fiduciary <a fiduciarybond>
Fiduciary
Fi*du"ci*a*ry\, n. 1. One who holds a thing in trust for another; a trustee. Instrumental to the conveying God's blessing upon those whose fiduciaries they are. --Jer. Taylor. 2. (Theol.) One who depends for salvation on faith, without works; an Antinomian. --Hammond.fiduciary
fiduciary: in CancerWEB's On-line Medical Dictionary
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