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fiduciary |
Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia | 0.04 sec. |
fiduciary [fɪˈduːʃɪərɪ] Law n pl -aries (Law) a person bound to act for another's benefit, as a trustee in relation to his beneficiary adj (Law) a. having the nature of a trust b. of or relating to a trust or trustee [from Latin fīdūciārius relating to something held in trust, from fīdūcia trust; see fiducial] fiduciarily adv fiduciary a person to whom property or power is entrusted for the benefit of another. — fiducial, fiduciary, adj. See also: Lawone who holds in trust; a trustee or depositary. See also theology. See also: Finance
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Translations fiduciary n → Treuhänder(in) m(f) fiduciary [fɪˈduːʃɪərɪ] adj & n (Law) → fiduciario/a fiduciary [fɪˈduːʃɪərɪ] adj & n (Law) → fiduciario/a How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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However, by having to wait for the IRS to issue a Compliance Statement, the process of fully protecting the plan and the fiduciaries can take an extended period of time. The common thread running through all is that fiduciaries have discretionary authority over another's money, property, or other assets, and a legal duty to act in a manner that benefits the other person, or organization. Fiduciaries are required to perform professional or other services with all of the expertise, loyalty and due care that they possess. |
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