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1

fiduciary

play
noun fi·du·cia·ry \-ˈdü-shē-ˌer-ē, -shə-rē, -ˈdyü-\

Definition of fiduciary

plural

fiduciaries

  1. :  one that holds a fiduciary relation or acts in a fiduciary capacity



1631

First Known Use of fiduciary

1631


2

fiduciary

adjective fi·du·cia·ry

Simple Definition of fiduciary

  • : relating to or involving trust (such as the trust between a customer and a professional)

Source: Merriam-Webster's Learner's Dictionary

Full Definition of fiduciary

  1. :  of, relating to, or involving a confidence or trust: as a :  held or founded in trust or confidence b :  holding in trust c :  depending on public confidence for value or currency <fiduciary fiat money>

Did You Know?

Fiduciary relationships often concern money, but the word fiduciary does not, in and of itself, suggest financial matters. Rather, fiduciary applies to any situation in which one person justifiably places confidence and trust in someone else and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. Fiduciary can also be used as a noun for the person who acts in a fiduciary capacity, and fiduciarily or fiducially can be called upon if you are in need of an adverb. The words are all faithful to their origin: Latin fidere, which means "to trust."

Origin and Etymology of fiduciary

Latin fiduciarius, from fiducia confidence, trust, from fidere


First Known Use: circa 1641


Law Dictionary

1

fiduciary

play
noun fi·du·cia·ry \fə-ˈdü-shə-rē, -ˈdyü-, -shē-ˌer-ē\

Legal Definition of fiduciary

plural

fiduciaries

  1. :  one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation :  one (as an agent) having a fiduciary duty to another — see also fiduciary duty at duty, fiduciary relationship — compare principal




2

fiduciary

adjective fi·du·cia·ry

Legal Definition of fiduciary

  1. 1 :  of, relating to, or involving a confidence or trust <a guardian acting in his fiduciary capacity>

  2. 2 :  of or relating to a fiduciary or the position of a fiduciary <a fiduciary bond>



Origin and Etymology of fiduciary

Latin fiduciarius, from fiducia trust, transfer of a property on trust



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