[
UK
/fɪdjˈuːʃəɹi/
]
[ US /fəˈduʃiˌɛɹi/ ]
[ US /fəˈduʃiˌɛɹi/ ]
NOUN
-
a person who holds assets in trust for a beneficiary
it is illegal for a fiduciary to misappropriate money for personal gain
ADJECTIVE
-
relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
fiducial power
a fiduciary contract
in a fiduciary capacity
How To Use fiduciary In A Sentence
- Trustees have a fiduciary duty to act in accordance with the trust deed and for the benefit of the beneficiaries.
- Drilling two new wells on the Fiduciary land can provide a short-term solution to the city's water problems.
- The fiduciary estate is distinct from the fiduciary's personal wealth.
- Today, the better view would appear to be that directors owe shareholders fiduciary duties in special circumstances.
- And, last but not least, their fiduciary media are not likely to be based on a commodity, thus reducing the costs to them of overissuing. The Gold Standard, the Great Depression, and Some Current Monetary Worries - The Austrian Economists
- Thus, the bank instructed simply to buy or sell securities has fewer fiduciary duties than if it is the manager of a discretionary fund.
- Few courts have addressed the fiduciary duty of loyalty in the context of churches or other nonprofit corporations. Christianity Today
- The day we recovered a $60 million verdict against a bank for breach of fiduciary duty. Times, Sunday Times
- If I inherit a lot of money, I may feel a fiduciary obligation to preserve the corpus," says Patrick Rooney, director of research at the Center on Philanthropy at Indiana University.
- This positive mandate to create wealth however is in the context of our fiduciary responsibilities.
