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A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (legal person or group of persons) When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially. Typically, a fiduciary prudently takes care of money or other assets for another person.
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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. A fiduciary, derived from the latin term for “trust”, is a person owing a fiduciary duty to another A fiduciary is a person or organization that acts on behalf of others and is legally bound to act in their best interests
Learn about the types of fiduciary duty.
A person to whom property or power is entrusted for the benefit of another. See examples of fiduciary used in a sentence. A fiduciary is someone legally and ethically bound to make decisions in the client's best interest, plays a critical role in various relationships, including investment advising, corporate governance, guardianship, and legal representation. A fiduciary is someone who manages money or property for someone else
Loyal, faithful & dependable (definition of fiduciary from the cambridge advanced learner's dictionary & thesaurus © cambridge university press) Fiduciary is used to talk about things which relate to a trust, or to the people who are in charge of a trust. Involving trust, especially in a situation where a person or company controls money or property belonging to others Definition of fiduciary adjective in oxford advanced learner's dictionary
