What does fiduciary mean?
Definitions for fiduciary
fɪˈdu ʃiˌɛr i, -ˈdyu-fidu·cia·ry
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fiduciary.
Princeton's WordNet
fiduciaryadjective
a person who holds assets in trust for a beneficiary
"it is illegal for a fiduciary to misappropriate money for personal gain"
fiduciary, fiducialadjective
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"
Wiktionary
fiduciarynoun
One who holds a thing in trust for another; a trustee.
fiduciarynoun
One who depends for salvation on faith, without works; an antinomian.
fiduciaryadjective
Related to trusts and trustees.
A fiduciary contract. A fiduciary duty.
fiduciaryadjective
Pertaining to paper money whose value depends on public confidence or securities.
Etymology: From fiduciarius, from fiducia.
Samuel Johnson's Dictionary
Fiduciaryadjective
That faith, which is required of us, is then perfect, when it produces in us a fiduciary assent to whatever the Gospel has revealed. William Wake, Preparation for Death.
Elaiana can rely no where upon mere love and fiduciary obedience, unless at her own home, where she is exemplarily loyal to herself in a high exact obedience. James Howell, Voc. Forest.
Fiduciarynoun
Etymology: fiduciarius, Latin.
The second obstructive is that of the fiduciary, that faith is the only instrument of his justification; and excludes good works from contributing any thing toward it. Henry Hammond.
Wikipedia
Fiduciary
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, financial advisers, financial planners, and asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. 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.: at p. 68 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 is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. Fiduciary duties in a financial sense exist to ensure that those who manage other people's money act in their beneficiaries' interests, rather than serving their own interests. A fiduciary duty is the highest standard of care in equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty (the "principal") such that there must be no conflict of duty between fiduciary and principal, and the fiduciary must not profit from their position as a fiduciary. (unless the principal consents). The nature of fiduciary obligations differs among jurisdictions. In Australia, only proscriptive or negative fiduciary obligations are recognised,: at p. 113 : at p. 198 whereas in Canada, fiduciaries can come under both proscriptive (negative) and prescriptive (positive) fiduciary obligations.In English common law, the fiduciary relation is an important concept within a part of the legal system known as equity. In the United Kingdom, the Judicature Acts merged the courts of equity (historically based in England's Court of Chancery) with the courts of common law, and as a result the concept of fiduciary duty also became applicable in common law courts. When a fiduciary duty is imposed, equity requires a different, stricter standard of behavior than the comparable tortious duty of care in common law. The fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, not to be in a situation where their fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from their fiduciary position without knowledge and consent. A fiduciary ideally would not have a conflict of interest. It has been said that fiduciaries must conduct themselves "at a level higher than that trodden by the crowd" and that "[t]he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty".: at par. 289
Webster Dictionary
Fiduciarynoun
one who holds a thing in trust for another; a trustee
Fiduciarynoun
one who depends for salvation on faith, without works; an Antinomian
Etymology: [L. fiduciarus, fr. fiducia: cf. F. fiduciaire. See Fiducial.]
Wikidata
Fiduciary
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.
Numerology
Chaldean Numerology
The numerical value of fiduciary in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of fiduciary in Pythagorean Numerology is: 6
Examples of fiduciary in a Sentence
Entities that create computer-generated portfolios but fail to do the necessary due diligence to know their customers and who specifically decline most if not all the fiduciary duty are not performing the duties of investment advisers.
Any time a director is on two sides of a transaction, it raises questions. The Tesla CEO have conflicting fiduciary duties, and, like any transaction, someone is going to get the better end of it.
I think they’re going to be thoughtful. Some, like the Clean Power Plan or the fiduciary rule, are unavoidable -- you have to start rolling those back, with that said, we should be pursuing legislative measures, not just rolling regulations back, but making sure a future president can’t impact negatively impact [the] economy through [regulation].
For any prudent fiduciary, this case would demonstrate that pensions don't have the safeguards in place to monitor these investments and should get out.
The debate has elevated the issue for ordinary investors, even things like the 5th Circuit ruling raise the awareness that an adviser might not be a fiduciary.
Popularity rank by frequency of use
References
Translations for fiduciary
From our Multilingual Translation Dictionary
- الائتمانيةArabic
- доверен, попечител, опекунBulgarian
- fiduciariCatalan, Valencian
- důvěrníkCzech
- betroedeDanish
- TreuhänderGerman
- θεματοφύλακαςGreek
- fidindaEsperanto
- mandatario, curador, fiduciaria, representante, procurador, apoderado, fiduciarioSpanish
- معتبرPersian
- uskottu mies, luottamukseen perustuva, luottamusFinnish
- fiduciaire, mandataire, chargé de pouvoirs, curateurFrench
- muiníneachIrish
- ज़िम्मेदार व्यक्तिHindi
- bizalmon alapulóHungarian
- ֆիդուցիարArmenian
- gadaiIndonesian
- fiduciale, mandatarioItalian
- נאמןHebrew
- 受託者Japanese
- 수탁자Korean
- rem fiducialemLatin
- mandataris, gemachtigde, curatorDutch
- tillitsforholdNorwegian
- powiernikPolish
- fiduciárioPortuguese
- fiduciarRomanian
- опеку́н, фидуциа́рный, фидуциа́рий, попечи́тель, дове́ренный, опеку́нша, дове́ренное лицо́, попечи́тельницаRussian
- fortroendemanSwedish
- நம்பிக்கைக்கு பாத்திரமாகும்Tamil
- ความไว้วางใจThai
- mutemetTurkish
- довіренийUkrainian
- مخلصUrdu
- ủy thácVietnamese
- fiduciaryYiddish
- 信托的Chinese
Get even more translations for fiduciary »
Translation
Find a translation for the fiduciary definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"fiduciary." Definitions.net. STANDS4 LLC, 2024. Web. 8 May 2024. <https://www.definitions.net/definition/fiduciary>.
Discuss these fiduciary definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In