Definitions for fiduciaryfɪˈdu ʃiˌɛr i, -ˈdyu-
This page provides all possible meanings and translations of the word fiduciary
Random House Webster's College Dictionary
fi•du•ci•ar•yfɪˈdu ʃiˌɛr i, -ˈdyu-(n.; adj.)(pl.)-ar•ies
(n.)Law. a person to whom property or power is entrusted for the benefit of another.
(adj.)Law. of or pertaining to the relation between a fiduciary and his or her principal.
of, based on, or in the nature of trust:
fiduciary obligations of governments.
Category: Common Vocabulary
depending on public confidence for value or currency, as fiat money.
Origin of fiduciary:
1585–95; < L fīdūciārius held in trust =fīdūci(a) trust +-ārius -ary
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
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.
Find a translation for the fiduciary definition in other languages:
Select another language: