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fiduciary
[ fi-doo-shee-er-ee, -dyoo- ]
noun
- Law. a person to whom property or power is entrusted for the benefit of another:
All investment advisors registered with the Securities and Exchange Commission (SEC) must act as fiduciaries.
adjective
- Law. of or relating to the relationship of trust and good faith between a fiduciary and the person for whom the fiduciary acts:
The executor of a will has a fiduciary duty to act in the best interest of the beneficiary.
The banks do not assume any financial responsibility—they act in a fiduciary capacity only.
The American Medical Association said that physicians have a fiduciary responsibility to patients.
- depending on public confidence for value or currency, as fiat money.
fiduciary
/ ´Úɪˈ»å³ÜËʃɪə°ùɪ /
noun
- a person bound to act for another's benefit, as a trustee in relation to his beneficiary
adjective
- having the nature of a trust
- of or relating to a trust or trustee
Derived Forms
- ´Ú¾±Ëˆ»å³Ü³¦¾±²¹°ù¾±±ô²â, adverb
Other ˜yÐÄvlog Forms
- ´Ú¾±Â·»å³Ü·³¦¾±Â·²¹°ù·¾±Â·±ô²â [fi-doo-shee-, er, -, uh, -lee, -dyoo-], adverb
- ²Ô´Ç²Ô·´Ú¾±Â·»å³Ü·³¦¾±Â·²¹°ù·²â adjective noun plural nonfiduciaries
˜yÐÄvlog History and Origins
Origin of fiduciary1
˜yÐÄvlog History and Origins
Origin of fiduciary1
Example Sentences
Musk sued OpenAI last year for fraud, breach of contract and fiduciary duty over OpenAI’s efforts to change its corporate structure.
So much for companies fulfilling a fiduciary duty to shareholders.
He’d been accused years earlier of fraud and breach of fiduciary duty by a former employer, who won a $2.2 million court judgment against him.
A fiduciary is legally and ethically obligated to put your best interest first.
He says the house violated its fiduciary obligations to him, having failed to disclose the level of market interest in the hat or its planned roadshow for the auction.
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