fiduciary

¹fi·du·cia·ry

noun \-ˈdü-shē-ˌer-ē, -shə-rē, -ˈdyü-\

plural fi·du·cia·ries

Definition of FIDUCIARY

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

First Known Use of FIDUCIARY

1631

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with FIDUCIARY

apothecary, bicentenary, confectionary, confectionery, consigliere, constabulary, contemporary, deflationary, disciplinary, discretionary, diversionary, epistolary, exclusionary, expansionary, extemporary, extraordinary, hereditary, illusionary, imaginary, incendiary, inflationary, insanitary, intercalary, involuntary, itinerary, judiciary, lending library, marionberry, obituary, olallieberry, on the contrary, pecuniary, pituitary, precautionary, preliminary, presidiary, probationary, proprietary, provisionary, reactionary, subliterary, subsidiary, tercentenary, unnecessary, veterinary, vocabulary, voluptuary

²fiduciary

adjective

Definition of FIDUCIARY

: 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>

Origin of FIDUCIARY

Latin fiduciarius, from fiducia confidence, trust, from fidere

First Known Use: circa 1641

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

fiduciary

noun    (Concise Encyclopedia)

In law, a person in a position of authority whom the law obligates to act solely on behalf of the person he or she represents and in good faith. Examples of fiduciaries are agents, executors, trustees, guardians, and officers of corporations. Unlike people in ordinary business relationships, fiduciaries may not seek personal benefit from their transactions with those they represent.