fiduciary Definition
- 1involving trust, especially with regard to the relationship between a trustee and a beneficiary
- 2held or given in trust for another
Using fiduciary: Examples
Take a moment to familiarize yourself with how "fiduciary" can be used in various situations through the following examples!
Example
The lawyer has a fiduciary duty to act in the best interests of their client.
Example
As a trustee, he has a fiduciary responsibility to manage the assets of the trust prudently.
Example
The company's board of directors has a fiduciary obligation to its shareholders.
fiduciary Synonyms and Antonyms
Phrases with fiduciary
a legal relationship in which one person holds property or money for the benefit of another
Example
The executor of the will has a fiduciary relationship with the beneficiaries.
the legal obligation of a fiduciary to act in the best interests of their client or beneficiary
Example
The financial advisor has a fiduciary duty to provide investment advice that is in the best interest of their client.
the legal obligation of a fiduciary to manage assets prudently and in the best interests of the beneficiary
Example
As a trustee, she has a fiduciary responsibility to invest the trust's assets wisely.
Origins of fiduciary
from Latin 'fiducia', meaning 'trust'
Summary: fiduciary in Brief
The term 'fiduciary' [fɪˈdjuːʃəri] refers to a relationship of trust, particularly between a trustee and a beneficiary. It denotes a legal obligation to act in the best interests of the beneficiary and manage assets prudently. Examples include 'The lawyer has a fiduciary duty to act in the best interests of their client.' and 'The company's board of directors has a fiduciary obligation to its shareholders.'
