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

  1. fiduciaryadjective

    a person who holds assets in trust for a beneficiary

    "it is illegal for a fiduciary to misappropriate money for personal gain"

  2. 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

  1. fiduciarynoun

    One who holds a thing in trust for another; a trustee.

  2. fiduciarynoun

    One who depends for salvation on faith, without works; an antinomian.

  3. fiduciaryadjective

    Related to trusts and trustees.

    A fiduciary contract. A fiduciary duty.

  4. fiduciaryadjective

    Pertaining to paper money whose value depends on public confidence or securities.

  5. Etymology: From fiduciarius, from fiducia.

Samuel Johnson's Dictionary

  1. 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.

  2. 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

  1. 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 

ChatGPT

  1. fiduciary

    A fiduciary is a person or organization that acts on behalf of another person or organization, especially with regards to financial or legal matters, and holds a duty to act in the best interest of the other party. This relationship of trust and responsibility is governed by binding ethical and legal obligations. Examples of fiduciaries include trustees, executors, guardians, or agents under power of attorney.

Webster Dictionary

  1. Fiduciarynoun

    one who holds a thing in trust for another; a trustee

  2. Fiduciarynoun

    one who depends for salvation on faith, without works; an Antinomian

  3. Etymology: [L. fiduciarus, fr. fiducia: cf. F. fiduciaire. See Fiducial.]

Wikidata

  1. 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.

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Numerology

  1. Chaldean Numerology

    The numerical value of fiduciary in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of fiduciary in Pythagorean Numerology is: 6

Examples of fiduciary in a Sentence

  1. Mike Schellinger:

    Had the fiduciary regulations been enacted as originally proposed, many IRA investors would have had to change brokers and/or lose access to broker advice.

  2. Lone Star:

    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.

  3. Josh Lipsky:

    There are alternatives, companies are able to find those other markets and trading partners and meet all those fiduciary requirements to their shareholders. They've made the decision that Russia is not worth the risk.

  4. Jason Pye:

    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].

  5. William Galvin:

    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.

Popularity rank by frequency of use

fiduciary#10000#20821#100000

Translations for fiduciary

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"fiduciary." Definitions.net. STANDS4 LLC, 2024. Web. 21 May 2024. <https://www.definitions.net/definition/fiduciary>.

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