fiduciary


Also found in: Thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.

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 ?
Summary paragraph: How the fiduciary rule affects self-promotion
Art by Tim BowerADVISER QUESTION: The Department of Labor [DOL] "fiduciary" definition delineates how to recommend an adviser who will be a fiduciary to a plan, a participant or an individual retirement account [IRA], without acting as a fiduciary himself.
ERISA attorneys are applauding the Department of Labor's just-released FAQ guidance on its fiduciary rule.
recommendations to plan participants and IRA owners to contribute to or increase contributions to a plan or IRA constitute fiduciary investment advice under the fiduciary rule; and
Although 401(k) plan fees have declined as a result of fee litigation, fee disclosure statements, the fiduciary rule, the increased use of index funds, and marketplace competition, many plan fiduciaries continue to pay excessive fees with plan assets in violation of the Employee Retirement Income Security Act of 1974 (ERISA).
Understanding and monitoring indirect payments made to recordkeepers and ensuring that they are not overcompensated may be the most challenging fiduciary duty for employers sponsoring 401(k) plans.
As it presently sits, fiduciary jurisprudence is one of the most confused and least understood areas of contemporary law.
The primary purpose of this article is to enhance the understanding of fiduciary duties and relationship fiduciarity by promoting a more robust understanding of the fiduciary concept centred upon its foundational raison d'etre.
The DOL initially commented on the subject in IB 94-02, where it explained that fiduciaries may engage in shareholder activity designed to influence corporate management if the fiduciary concludes, after considering the costs involved in voting proxies, that doing so will enhance the value of the plan's investment.
If the cost of voting a proxy was greater than the value of the exercise of the vote, then a plan fiduciary would not be required to vote the proxy.
The DOL's proposal expanding the definition of fiduciary investment advice was published April 20, 2015.
The DOL's new fiduciary rule is intended to broaden the scope of retirement advisors who are deemed to be fiduciaries under ERISA and the Internal Revenue Code (the "Code"), and it is also designed to address the potential conflicts of interest that arise when they are advising their retirement clients.