fiduciary
Americannoun
plural
fiduciariesadjective
-
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.
noun
adjective
Other Word Forms
- fiduciarily adverb
- nonfiduciary adjective
Etymology
Origin of fiduciary
First recorded in 1585–95; from Latin fīdūciārius “holding on trust; a trustee,” equivalent to fīdūci(a) “trust” + -ārius -ary
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
“It should be overwhelmingly clear that shareholders expect this Board to fulfill its fiduciary duty and act with urgency, clarity and humility. Unfortunately, we have seen none of this in our engagement,” Wilson wrote.
From Barron's
Matt Malone, CFA, is the president and head of investment management at Opto Investments, a private markets solution serving fiduciary wealth managers, family offices and institutions.
From MarketWatch
As a fiduciary, the POA must use the account solely for the principal’s benefit, and only act in the best interests of your relative.
From MarketWatch
If enough shareholders tender at $30, Paramount could gain a larger stake in WBD and force the board into a fiduciary dilemma.
From MarketWatch
You can find a professional fiduciary — and their successor — through a local bar association, trust company or estate-planning attorney.
From MarketWatch
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
