Definition of fiduciary
fiduciaries
: one that holds a fiduciary relation or acts in a fiduciary capacity
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Origin and Etymology of fiduciary
see 2fiduciary
First Known Use: 1631
Other Economics Terms
fiduciary
Definition of fiduciary
: of, relating to, or involving a confidence or trust: such asa : held or founded in trust or confidence a fiduciary relationship a bank's fiduciary obligationsb : holding in trustc : 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 —see fidelity
First Known Use: circa 1641
Other Economics Terms
FIDUCIARY Defined for English Language Learners
fiduciary
Definition of fiduciary for English Language Learners
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: relating to or involving trust (such as the trust between a customer and a professional)
Law Dictionary
Legal Definition of fiduciary
fiduciaries
: 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
fiduciary
Legal Definition of fiduciary
1 : of, relating to, or involving a confidence or trust a guardian acting in his fiduciary capacity
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
Learn More about fiduciary
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See words that rhyme with fiduciary Spanish Central: Translation of fiduciary Nglish: Translation of fiduciary for Spanish speakers Britannica English: Translation of fiduciary for Arabic speakers Britannica.com: Encyclopedia article about fiduciary
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