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fiduciary - 8 dictionary results
fi⋅du⋅ci⋅ar⋅y
[fi-doo-shee-er-ee, -dyoo-] 
noun, plural -ar⋅ies, adjective –noun
| 1. | Law. a person to whom property or power is entrusted for the benefit of another. |
–adjective
| 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. |
Origin:
1585–95; < L fīdūciārius of something held in trust, equiv. to fīdūci(a) trust + -ārius -ary
1585–95; < L fīdūciārius of something held in trust, equiv. to fīdūci(a) trust + -ārius -ary
Related forms:
fi⋅du⋅ci⋅ar⋅i⋅ly, adverb
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To fiduciary
| fi·du·ci·ar·y (fĭ-dōō'shē-ěr'ē, -shə-rē, -dyōō'-, fī-) adj.
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 © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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fiduciary
1640, from L. fiduciarius "(holding) in trust," from fidere "to trust" (see faith). In Roman law, fiducia was "a right transferred in trust;" paper currency sense (1878) is because its value depends on the trust of the public.
Online Etymology Dictionary, © 2001 Douglas Harper
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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".
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See also: Beneficiary, Blind Trust, Trust
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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 best interests the fiduciary is expected to act when holding, investing, or otherwise using that party's property.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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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 faith and 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, or involving a confidence or trust fiduciary capacity>
2 : of or relating to a fiduciary or the position of a fiduciary fiduciary bond>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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