What context can I use each word in?
Learn when and how to use these words with these examples!
fiduciary
Example
As a fiduciary, the financial advisor must always prioritize the client's interests over their own. [fiduciary: noun]
Example
The trustee has a fiduciary duty to manage the trust assets for the benefit of the beneficiaries. [fiduciary: adjective]
trustee
Example
The trustee is responsible for managing the trust assets and distributing them to the beneficiaries according to the terms of the trust agreement. [trustee: noun]
Example
The company's board of trustees is responsible for making strategic decisions and overseeing the management of the organization. [trustee: noun]
Good things to know
Which word is more common?
Trustee is a more common term than fiduciary in everyday language, as it is used in various contexts beyond financial management and legal relationships.
Whatโs the difference in the tone of formality between fiduciary and trustee?
Fiduciary is a more formal term than trustee, as it carries specific legal obligations and liabilities. However, both terms can be used in formal and informal contexts depending on the situation and audience.
