fiduciary
5
9.2
- noun
- /fɪˈduːʃiˌɛri/
- Specialized
:
fiduciario
- Others have emphasized the need to protect vulnerable parties from subjection to fiduciaries' unilateral power.
- Fiduciary Trust
- Fiduciary Duty
- Fiduciary Rule
Other types of fiduciaries, you know, guardians, trustees.
- Other types of fiduciaries, you know, guardians, trustees.
Examples
-
As a fiduciary, he must always act in the best interest of his clients when managing their investments.
-
But you as an agent, it is your fiduciary responsibility to be able to explain this properly.
-
Even before surgery begins, however, the surgeon is a fiduciary for her patient when she provides advice on possible treatment options.
Academic text (2017) -
That is, the managers have an exclusive fiduciary obligation to shareholders.
-
And a big part of the legal education is understanding your fiduciary obligation to your clients, your ethical obligation.
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The duty of loyalty thus requires a fiduciary to tailor her actions to advance her beneficiaries' best interests.
Academic text (2017) -
Beneficiaries would therefore interact with their fiduciaries from an unequal position of vulnerability and subservience.
Academic text (2017) -
When selecting a fiduciary, it's essential to choose someone who understands the legal obligations involved.
-
The role of a fiduciary requires integrity and a commitment to uphold the trust placed in them by beneficiaries.
Synonyms
137
4.8
A person or group who manages money and property for others and must act for their benefit
40
3.8
A person who takes care of and protects things like buildings, animals, or records
26
4.6
A person who manages property, money and daily operations for someone or an organization
4
8.1
A person a court names to manage another person's money and personal decisions
3
6.9
A person chosen by law to manage someone's affairs and money after they die
Compounds
- Formal
4
7.9
Legal responsibility to act in another person's best interest, for example when managing their money
- Formal
A relationship where one person trusts another who must act for their benefit
How Responsible
- Specialized
137
4.8
- Specialized
5
9.2
- Formal
∞
2.8
624
3.5
354
3.9
Surface Forms
Etymology
Fiduciary comes from the Latin fiducia, meaning 'trust', and from fidere, 'to trust'. So a fiduciary is literally a 'trusted' person — someone who looks after another person's money or interests for them.