fiduciary


fiduciary
fiduciarily, adv.
/fi dooh"shee er'ee, -dyooh"-/, n., pl. fiduciaries, adj.
n.
1. Law. a person to whom property or power is entrusted for the benefit of another.
adj.
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.
[1585-95; < L fiduciarius of something held in trust, equiv. to fiduci(a) trust + -arius -ARY]

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In law, a person in a position of authority whom the law obligates to act solely on behalf of the person he or she represents and in good faith.

Examples of fiduciaries are agents, executors, trustees, guardians, and officers of corporations. Unlike people in ordinary business relationships, fiduciaries may not seek personal benefit from their transactions with those they represent.

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law
      in law, a person who occupies a position of such power and confidence with regard to the property of another that the law requires him to act solely in the interest of the person whom he represents. Examples of fiduciaries are agents, executors and administrators, trustees, guardians, and officers of corporations. They may be contrasted with persons in an ordinary business relationship, in which each party is free to seek purely personal benefits from his transactions with the other.

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Universalium. 2010.

Synonyms:

Look at other dictionaries:

  • fiduciary — fi·du·cia·ry 1 /fə dü shə rē, dyü , shē ˌer ē/ n pl 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,… …   Law dictionary

  • fiduciary — one who is entrusted with duties on behalf of another. The law requires the highest level of good faith, loyalty and diligence of a fiduciary, higher than the common duty of care that we all owe one another. The debtor in possession in a Chapter… …   Glossary of Bankruptcy

  • Fiduciary — Fi*du ci*a*ry (? or ?), a. [L. fiduciarus, fr. fiducia: cf. F. fiduciaire. See {Fiducial}.] 1. Involving confidence or trust; confident; undoubting; faithful; firm; as, in a fiduciary capacity. Fiduciary obedience. Howell. [1913 Webster] 2.… …   The Collaborative International Dictionary of English

  • fiduciary — [fi do͞o′shē er΄ē, fidyo͞o′shē er΄ē; fi do͞o′shē ə rē, fi dyo͞o′shē ə rē, fi do͞o′shəə rē, fi dyo͞o′shə rē] adj. [L fiduciarius < fiducia, trust, thing held in trust < fidere, to trust: see FAITH] 1. designating or of a person who holds… …   English World dictionary

  • Fiduciary — Fi*du ci*a*ry, n. 1. One who holds a thing in trust for another; a trustee. [1913 Webster] Instrumental to the conveying God s blessing upon those whose fiduciaries they are. Jer. Taylor. [1913 Webster] 2. (Theol.) One who depends for salvation… …   The Collaborative International Dictionary of English

  • fiduciary — (adj.) 1630s, from L. fiduciarius (holding) in trust, from fiducia trust from root of fidere to trust (see FAITH (Cf. faith)). In Roman law, fiducia was a right transferred in trust; paper currency sense (1878) is because its value depends on the …   Etymology dictionary

  • Fiduciary — One party, for example a corporate trust company or the trust department of a bank, holds a fiduciary relation or acts in a fiduciary capacity to another, such as one whose funds are entrusted to it for investment. In a fiduciary relation one… …   Wikipedia

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary — One who must act for the benefit of another party. Bloomberg Financial Dictionary * * * ▪ I. fiduciary fi‧du‧ci‧a‧ry 1 [fɪˈduːʆiəri ǁ eri] noun fiduciaries PLURALFORM 1. [countable] LAW someone who is responsible for the assets of people,… …   Financial and business terms


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