fiduciary


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fi·du·ci·ar·y

 (fĭ-do͞o′shē-ĕr′ē, -shə-rē, -dyo͞o′-, fī-)
adj.
1.
a. Of or relating to a duty of acting in good faith with regard to the interests of another: a company's fiduciary responsibility to investors.
b. Of or being a trustee or trusteeship.
c. Held in trust.
2. Of or consisting of fiat money.
3. Of, relating to, or being a system of marking in the field of view of an optical instrument that is used as a reference point or measuring scale.
n. pl. fi·du·ci·ar·ies
One, such as an agent of a principal or a company director, who has a duty of acting in good faith with regard to the interests of another.

[Latin fīdūciārius, from fīdūcia, trust; see fiducial.]

fiduciary

(fɪˈduːʃɪərɪ) law
n, pl -aries
(Law) a person bound to act for another's benefit, as a trustee in relation to his or her beneficiary
adj
(Law)
a. having the nature of a trust
b. of or relating to a trust or trustee
[C17: from Latin fīdūciārius relating to something held in trust, from fīdūcia trust; see fiducial]
fiˈduciarily adv

fi•du•ci•ar•y

(fɪˈdu ʃiˌɛr i, -ˈdyu-)

n., pl. -ar•ies,
adj. n.
1. Law. a person to whom property or power is entrusted for the benefit of another.
adj.
2. Law. of or pertaining to the relation between a fiduciary and his or her principal.
3. of, based on, or in the nature of trust: fiduciary obligations of governments.
4. depending on public confidence for value or currency, as fiat money.
[1585–95; < Latin fīdūciārius held in trust =fīdūci(a) trust + -ārius -ary]
fi•du`ci•ar′i•ly, adv.

fiduciary

a person to whom property or power is entrusted for the benefit of another. — fiducial, fiduciary, adj.
See also: Law
one who holds in trust; a trustee or depositary. See also theology.
See also: Finance
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fiduciary - a person who holds assets in trust for a beneficiary; "it is illegal for a fiduciary to misappropriate money for personal gain"
individual, mortal, person, somebody, someone, soul - a human being; "there was too much for one person to do"
conservator - someone appointed by a court to assume responsibility for the interests of a minor or incompetent person
administrator - the party appointed by a probate court to distribute the estate of someone who dies without a will or without naming an executor
executor - a person appointed by a testator to carry out the terms of the will
liquidator, receiver - (law) a person (usually appointed by a court of law) who liquidates assets or preserves them for the benefit of affected parties
steward - someone who manages property or other affairs for someone else
legal guardian, trustee - a person (or institution) to whom legal title to property is entrusted to use for another's benefit
Adj.1.fiduciary - 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"
Translations
fiduziarischTreuhänder
uskottu mies

fiduciary

[fɪˈdjuːʃɪərɪ]
A. ADJfiduciario
B. Nfiduciario/a m/f

fiduciary

adjtreuhänderisch; currencyungedeckt; fiduciary companyTreuhandgesellschaft f
nTreuhänder(in) m(f)

fiduciary

[fɪˈduːʃɪərɪ] adj & n (Law) → fiduciario/a
References in periodicals archive ?
When performing these services we need to be aware of the issue of whether the fiduciary needs to be licensed.
I am grateful for the opportunity to join Austin and the talented team at Fiduciary and look forward to supporting the Company's efforts to deliver exceptional wealth management services to its current and future clients," stated Ms.
The foundation of political duties, no less than that of duties that run from trustee to trust beneficiary, could be found in fiduciary law.
The Center for Fiduciary Studies confers the AIF Designation as well as the Accredited Investment Fiduciary Analyst[TM] (AIFA[R]) Designation.
The Range, Content, and Basis of Fiduciary Duties III.
18, 2011 ("Travelers: Agents Say Clients Do Not Understand Fiduciary Risk"), John Tefry, fiduciary liability product manager at Travelers, said that 54 percent of the agents believed that their clients do not understand their fiduciary exposures, and that 79 percent of clients felt that they have no such exposures.
The question of whether mortgage brokers have fiduciary obligations to prospective borrowers was reviewed in an October 2007 article in this magazine written by Andrea Lee Negroni and Joya K.
Inconsistent staff compliance with some Fiduciary Program policies and weaknesses in others hinder VA's ability to effectively safeguard beneficiary assets; however, per GAO's recommendations, VA plans to take steps to improve the program.
No one principle fully captures all the circumstances in which a fiduciary duty is imposed because the concept of owing a fiduciary duty was not originally conceived as a strict legal rule.
Some have been brought by a participant against the company sponsoring the plan, some against the plan fiduciary financial vendors to such plans or by a plan fiduciary, usually a small company, against the financial vendor on behalf of all similarly situated plans.
Despite the increased exposure, fiduciary liability is often a misunderstood risk for boards in some small to midsize firms.