a person who holds assets in trust for a beneficiary
"it is illegal for a fiduciary to misappropriate money for personal gain"
relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
"a fiduciary contract"; "in a fiduciary capacity"; "fiducial power"
One who holds a thing in trust for another; a trustee.
One who depends for salvation on faith, without works; an antinomian.
Related to trusts and trustees.
A fiduciary contract. A fiduciary duty.
Pertaining to paper money whose value depends on public confidence or securities.
Origin: From fiduciarius, from fiducia.
one who holds a thing in trust for another; a trustee
one who depends for salvation on faith, without works; an Antinomian
Origin: [L. fiduciarus, fr. fiducia: cf. F. fiduciaire. See Fiducial.]
A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has funds entrusted to it for investment. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts. A fiduciary duty is the highest standard of care at either equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty: he must not put his personal interests before the duty, and must not profit from his position as a fiduciary, unless the principal consents. In English common law the fiduciary relation is arguably the most important concept within the portion of the legal system known as equity. In the United Kingdom, the Judicature Acts merged the courts of equity with the courts of common law, and as a result the concept of fiduciary duty also became available in common law courts.
The numerical value of fiduciary in Chaldean Numerology is: 9
The numerical value of fiduciary in Pythagorean Numerology is: 6
Sample Sentences & Example Usage
If it is true that Penn Virginia could be sold for an 80 percent premium or more to a credible buyer, the board has a fiduciary duty to fully explore such an offer.
Many managers still seem to take the position that if investors have not yet discovered and objected to their expense allocation methodology, then it must be legitimate and consistent with their fiduciary duty.
It's hard to say how sponsors will react, but certainly the law has always been that fees must be reasonable, if there is a fund that is significantly less expensive than another comparable fund, the plan fiduciary must determine that cheaper is better.
To suggest that there is any reason to settle prior to the adjudication of the pending criminal cases is obscene and without regard to the fiduciary responsibility owed to (taxpayers), there has been no civil litigation filed, nor has there been any guilt determined that would require such a ridiculous reaction.
Mutual fund advisers have a fiduciary duty to manage the conflict of interest associated with fund distribution, namely whether to use their own assets or to recommend to their fund's board to use the fund's assets to distribute shares, first Eagle breached that fiduciary duty by using the funds' assets rather than its own money to pay for distribution.
Images & Illustrations of fiduciary
Translations for fiduciary
From our Multilingual Translation Dictionary
- доверен, опекун, попечителBulgarian
- fiduciariCatalan, Valencian
- fiduciario, apoderado, procurador, fiduciaria, curador, mandatario, representanteSpanish
- uskottu mies, luottamus, luottamukseen perustuvaFinnish
- chargé de pouvoirs, mandataire, fiduciaire, curateurFrench
- mandatario, fiducialeItalian
- curator, gemachtigde, mandatarisDutch
- опеку́н, попечи́тельница, дове́ренное лицо́, опеку́нша, дове́ренный, попечи́тель, фидуциа́рий, фидуциа́рныйRussian
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