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fiduciary
[fi-doo-shee-er-ee, -dyoo-]
noun
plural
fiduciariesLaw.a person to whom property or power is entrusted for the benefit of another.
All investment advisors registered with the Securities and Exchange Commission (SEC) must act as fiduciaries.
adjective
Law.of or relating to the relationship of trust and good faith between a fiduciary and the person for whom the fiduciary acts.
The executor of a will has a fiduciary duty to act in the best interest of the beneficiary.
The banks do not assume any financial responsibility—they act in a fiduciary capacity only.
The American Medical Association said that physicians have a fiduciary responsibility to patients.
depending on public confidence for value or currency, as fiat money.
fiduciary
/ ɪˈːʃɪəɪ /
noun
a person bound to act for another's benefit, as a trustee in relation to his beneficiary
adjective
having the nature of a trust
of or relating to a trust or trustee
Other 51Թ Forms
- fiduciarily adverb
- nonfiduciary adjective
- ھˈܳ adverb
51Թ History and Origins
Origin of fiduciary1
51Թ History and Origins
Origin of fiduciary1
Example Sentences
The lawsuit was filed as a derivative action in which shareholders sue a company’s officers and directors on behalf of the company, claiming they had breached their fiduciary duties.
A decision is expected any day from the U.S. 9th Circuit Court of Appeals on a federal judge’s ruling that the VA had failed a fiduciary duty to provide housing for veterans.
There's even this doctrine that everyone has a fiduciary duty to maximize value to the shareholder, which is an interesting thing to say, because it's pure ideology.
Musk sued OpenAI last year for fraud, breach of contract and fiduciary duty over OpenAI’s efforts to change its corporate structure.
So much for companies fulfilling a fiduciary duty to shareholders.
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