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 ?
The difference between the recall of Elois Zeanah and her attempted recalls of Frank Schillo, Judy Lazar, Alex Fiore and Andy Fox is clear: She is guilty of malfeasance and breach of fiduciary responsibility.
If accepting an in-kind contribution is not "prudent," not "solely in the interest" of the plan's participants and beneficiaries, or would result in an improper lack of diversification of plan assets, the responsible fiduciaries would be liable for any losses resulting from such a breach of fiduciary responsibility, even if such a contribution does not constitute a prohibited transaction.
An action taken in good faith can still be interpreted as a breach of fiduciary responsibility or may be treated as a prohibited transaction, resulting in personal liability.