fiduciary

adjective
fi·​du·​cia·​ry | \ fə-ˈdü-shē-ˌer-ē How to pronounce fiduciary (audio) , -shə-rē, -ˈdyü-, fī- \

Definition of fiduciary

 (Entry 1 of 2)

: of, relating to, or involving a confidence or trust: such as
a : held or founded in trust or confidence a fiduciary relationship a bank's fiduciary obligations
b : holding in trust
c : depending on public confidence for value or currency fiduciary fiat money

fiduciary

noun
plural fiduciaries

Definition of fiduciary (Entry 2 of 2)

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

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Noun

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."

Examples of fiduciary in a Sentence

Recent Examples on the Web: Adjective This includes disability compensation, survivor's benefits, pension and fiduciary service, education and training, life insurance coverage, and home loans guaranties. Pine Bluff Commercial, Arkansas Online, 11 June 2021 Further, the fact that the power must be exercisable in a fiduciary capacity also seems irrelevant to the 2036 issue. Martin Shenkman, Forbes, 6 June 2021 Forming a benefit corporation allows a business to pursue financial value and social value simultaneously, without violating its fiduciary obligations to its shareholders. David Sher, al, 16 May 2021 Nothing good will ever come from commingling fiduciary funds. Dallas News, 16 May 2021 Companies are owned by their shareholders and hence should be solely managed based on the fiduciary trust granted to managers. Andrew Stuttaford, National Review, 8 May 2021 In the law, a trustee is a fiduciary, bound to the highest duty of care for the beneficiary. David Lillehaug, Star Tribune, 25 Apr. 2021 Also, many discount brokerages and robo-advisors now offer more affordable ways to get fiduciary advice. Liz Weston, oregonlive, 11 Apr. 2021 Leland reported a fiduciary relationship with the Columbus Clippers as a board member. cleveland, 23 Mar. 2021 Recent Examples on the Web: Noun But the true heart of acting as a fiduciary is more about the spirit of the law than the letter. Tim Maurer, Forbes, 30 May 2021 New York and federal authorities as well as the NRA’s former ad agency contend the not-for-profit is badly mismanaged and an independent fiduciary is needed to reign in Mr. LaPierre. Jonathan Randles, WSJ, 4 May 2021 Britney Spears has asked her father James to resign as her conservator and to appoint Jodi Montgomery, a private professional fiduciary, in his place. Claudia Rosenbaum, Billboard, 25 Mar. 2021 Jamie Spears was not suspended, but a corporate fiduciary was added, per the singer’s request. Kara Baskin, BostonGlobe.com, 10 Feb. 2021 Acting as a fiduciary to the shareholders of public companies, board members can also use their authority to fire senior executives. Heran Mamo, Billboard, 28 Jan. 2021 The judge did approve that a corporate fiduciary, the Bessemer Trust, will now serve as co-conservator over her estate along with her father, which Britney Spears had requested. The Associated Press, NOLA.com, 11 Nov. 2020 The judge did approve that a corporate fiduciary, the Bessemer Trust, will now serve as co-conservator over her estate along with her father, which Britney Spears had requested. Andrew Dalton, chicagotribune.com, 11 Nov. 2020 The judge did approve that a corporate fiduciary, the Bessemer Trust, will now serve as co-conservator over her estate along with her father, which Britney Spears had requested. The Associated Press, NOLA.com, 11 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'fiduciary.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of fiduciary

Adjective

circa 1641, in the meaning defined above

Noun

1631, in the meaning defined above

History and Etymology for fiduciary

Adjective and Noun

Latin fiduciarius, from fiducia confidence, trust, from fidere — see fidelity

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Time Traveler for fiduciary

Time Traveler

The first known use of fiduciary was in 1631

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Last Updated

14 Jun 2021

Cite this Entry

“Fiduciary.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiduciary. Accessed 19 Jun. 2021.

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More Definitions for fiduciary

fiduciary

adjective

English Language Learners Definition of fiduciary

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

fiduciary

noun
fi·​du·​cia·​ry | \ fə-ˈdü-shə-rē, -ˈdyü-, -shē-ˌer-ē How to pronounce fiduciary (audio) \
plural fiduciaries

Legal Definition of fiduciary

 (Entry 1 of 2)

: 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

adjective

Legal Definition of fiduciary (Entry 2 of 2)

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

History and Etymology for fiduciary

Adjective

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

More from Merriam-Webster on 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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