fiduciary

[ UK /fɪdjˈuːʃəɹi/ ]
[ US /fəˈduʃiˌɛɹi/ ]
NOUN
  1. a person who holds assets in trust for a beneficiary
    it is illegal for a fiduciary to misappropriate money for personal gain
ADJECTIVE
  1. 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
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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.
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