designating or of a person who holds something in trust for another; of a trustee or trusteeship
a fiduciary guardian for a minor child
2.
held in trust
fiduciary property
3.
valuable only because of public confidence and support
said of certain money
nounWord forms: pluralfiˈduciˌaries
4.
trustee (sense 1)
Word origin
L fiduciarius < fiducia, trust, thing held in trust < fidere, to trust: see faith
fiduciary in Finance
(fɪduʃiɛri)
Word forms: (plural) fiduciaries
noun
(Finance: General)
A fiduciary is someone who is responsible for making monetary decisions for someone else.
A fiduciary will hold assets for another party with the authority and duty to make decisionsin the best interests of that other party.
In general legal terms, a fiduciary is anyone responsible for another party's money or property.
A fiduciary is someone who is responsible for making monetary decisions for someone else.
Examples of 'fiduciary' in a sentence
fiduciary
Few courts have addressed the fiduciary duty of loyalty in the context of churches or other nonprofit corporations.
Christianity Today (2000)
The day we recovered a $60 million verdict against a bank for breach of fiduciary duty.
Times, Sunday Times (2015)
Moreover, dishonesty was not a necessary element in the cause of action of abuse of fiduciary position.
Times, Sunday Times (2010)
You have a fiduciary duty.
Times, Sunday Times (2016)
Charter brought proceedings against the defendant on the basis it received the sums transferred with knowledge of breach of trust or fiduciary duty of the manager.
Times, Sunday Times (2008)
If elected, they are elected by all shareholders and they have a fiduciary duty to act in the interests of all shareholders.
Times, Sunday Times (2015)
And their executives have a fiduciary obligation to the owners of the business, their shareholders, to minimise their tax payments.