One who must act for the benefit of another party. Bloomberg Financial Dictionary

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I. fiduciary fi‧du‧ci‧a‧ry 1 [fɪˈduːʆiəri ǁ -eri] noun fiduciaries PLURALFORM
1. [countable] LAW someone who is responsible for the assets of people, organizations etc and, by law, must protect their interests:

• Where corporate information is revealed legitimately to a consultant working for the corporation, they may become fiduciaries of the shareholders.

2. [uncountable] BANKING coins and banks put into circulation (= made available for public use) by a bank, usually a central bank:

• The issue of banknotes is the sole function of the issue department, the notes being fiduciary backed by government securities rather than backed by gold.

  [m0] II. fiduciary fiduciary 2 adjective
LAW involving the relationship of trust that a fiduciary must have with the person or organization whose assets or interests they are responsible for:

• A person in a fiduciary position is not entitled to make a profit or to put himself in a position where his interest and duty conflict.

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fiduciary UK US /fɪˈdjuːʃIəri/ US  /-ˈduːʃier-/ adjective LAW
relating to the responsibilities of a person or organization that manages property or money belonging to another person or organization: fiduciary duties/obligations »

Management and the board of directors have fiduciary obligations which require that reports be produced in a manner consistent with these obligations.


""They have a fiduciary responsibility to watch the dollars at Chicago State,"" Davis said.


This case dealt with a managing director who was clearly in a fiduciary position.

fiduciary UK US /fɪˈdjuːʃIəri/ US  /-ˈduːʃier-/ noun [C] (plural fiduciaries) LAW
a person or organization who is responsible for managing money or property for another person or organization: »

A court-appointed fiduciary has managed the trust for five years.

Financial and business terms. 2012.


Look at other dictionaries:

  • fiduciary — fi·du·cia·ry 1 /fə dü shə rē, dyü , shē ˌer ē/ n pl ries: 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,… …   Law dictionary

  • fiduciary — one who is entrusted with duties on behalf of another. The law requires the highest level of good faith, loyalty and diligence of a fiduciary, higher than the common duty of care that we all owe one another. The debtor in possession in a Chapter… …   Glossary of Bankruptcy

  • Fiduciary — Fi*du ci*a*ry (? or ?), a. [L. fiduciarus, fr. fiducia: cf. F. fiduciaire. See {Fiducial}.] 1. Involving confidence or trust; confident; undoubting; faithful; firm; as, in a fiduciary capacity. Fiduciary obedience. Howell. [1913 Webster] 2.… …   The Collaborative International Dictionary of English

  • fiduciary — [fi do͞o′shē er΄ē, fidyo͞o′shē er΄ē; fi do͞o′shē ə rē, fi dyo͞o′shē ə rē, fi do͞o′shəə rē, fi dyo͞o′shə rē] adj. [L fiduciarius < fiducia, trust, thing held in trust < fidere, to trust: see FAITH] 1. designating or of a person who holds… …   English World dictionary

  • Fiduciary — Fi*du ci*a*ry, n. 1. One who holds a thing in trust for another; a trustee. [1913 Webster] Instrumental to the conveying God s blessing upon those whose fiduciaries they are. Jer. Taylor. [1913 Webster] 2. (Theol.) One who depends for salvation… …   The Collaborative International Dictionary of English

  • fiduciary — (adj.) 1630s, from L. fiduciarius (holding) in trust, from fiducia trust from root of fidere to trust (see FAITH (Cf. faith)). In Roman law, fiducia was a right transferred in trust; paper currency sense (1878) is because its value depends on the …   Etymology dictionary

  • Fiduciary — One party, for example a corporate trust company or the trust department of a bank, holds a fiduciary relation or acts in a fiduciary capacity to another, such as one whose funds are entrusted to it for investment. In a fiduciary relation one… …   Wikipedia

  • fiduciary — /fad(y)uwsh(iy)ary/ The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous …   Black's law dictionary

  • fiduciary — fiduciarily, adv. /fi dooh shee er ee, dyooh /, n., pl. fiduciaries, adj. n. 1. Law. a person to whom property or power is entrusted for the benefit of another. adj. 2. Law. of or pertaining to the relation between a fiduciary and his or her… …   Universalium

  • fiduciary — I. noun (plural ries) Date: 1631 one that holds a fiduciary relation or acts in a fiduciary capacity II. adjective Etymology: Latin fiduciarius, from fiducia confidence, trust, from fidere Date: circa 1641 of, relating to, or involving a… …   New Collegiate Dictionary

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