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fiduciary

[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.
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
1585-1595
1585-95; < Latin fīdūciārius of something held in trust, equivalent to fīdūci(a) trust + -ārius -ary
Related forms
fiduciarily, adverb
nonfiduciary, adjective, noun, plural nonfiduciaries.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for fiduciary
  • She didn't touch the fiduciary fund from her father's estate.
  • Well-intentioned board members can end up in court defending accusations of breaching their fiduciary duty.
  • Goldman's report concludes that it should disclose conflicts of interest when it acts as an adviser or fiduciary to its clients.
  • Personal fiduciary services are often referred to as private wealth management, private client services, or private banking.
British Dictionary definitions for fiduciary

fiduciary

/fɪˈduːʃɪərɪ/
noun (pl) -aries
1.
a person bound to act for another's benefit, as a trustee in relation to his beneficiary
adjective
2.
  1. having the nature of a trust
  2. of or relating to a trust or trustee
Derived Forms
fiduciarily, adverb
Word Origin
C17: from Latin fīdūciārius relating to something held in trust, from fīdūcia trust; see fiducial
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
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Word Origin and History for fiduciary
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, © 2010 Douglas Harper
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