Word of the DayTuesday, July 15, 2008
\fih-DOO-shee-air-ee\ , adjective;
Relating to the holding of something in trust for another.
Someone who stands in a special relation of trust, confidence, or responsibility in certain obligations to others; a trustee.
American capitalism relies heavily on the fiduciary duty concept to protect those who entrust their money to large and often distant corporations.
-- Senator Susan Collins, Congressional Record, July 11, 2002
Corporate boards, whose members are elected by shareholders, bear the ultimate legal and fiduciary responsibility for the company's performance.
-- John Maggs, "Out of the Loop", National Journal, March 9, 2002
Congress is faced with a great challenge in protecting workers who need help, while employing our fiduciary responsibility to guard the taxpayer dollar.
-- Representative Jennifer Dunn, The Seattle Times, October 1, 2001
As fiduciaries, investment advisers are expected to be on the client's side of the negotiating table in any deal.
-- Robert Barker, "Will the SEC Bless This Masquerade?", Business Week, March 9, 2002
Fiduciary comes from Latin fiduciarius, from fiducia, "trust," and is related to faith and fidelity.
POWERED BY 4INFO
Get Word of the Day
Words of the Day