fiduciary
pronunciation
How to pronounce fiduciary in British English:
UK [fɪˈdju:ʃəri]
How to pronounce fiduciary in American English:
US [fɪˈduʃiˌɛri, -ʃəri, -ˈdju-, faɪ-]
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- Noun:
- a person who holds assets in trust for a beneficiary
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- Adjective:
- relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
Word Origin
- fiduciary
- fiduciary: see faith
- fiduciary (adj.)
- 1640s, "holding something in trust," from Latin fiduciarius "entrusted, held in trust," from fiducia "trust, confidence, reliance;" in law, "a deposit, pledge, security," from root of fidere "to trust" (see faith). In Roman law, fiducia was "a right transferred in trust;" paper currency sense (1878) is because its value depends on the trust of the public. As a noun, "one who holds something in trust," from 1630s.
Example
- 1. These governance reforms would unambiguously communicate to boards and directors their new fiduciary and financial reality : there is no party .
- 2. Goldman 's report concludes that it should disclose conflicts of interest when it acts as an adviser or fiduciary to its clients .
- 3. The fed should have the option to post or publish transcripts of these " fiduciary risk reviews " to give investors insight into how conversant their boardrooms were with risk .
- 4. A special prosecutor said mr lee had breached his fiduciary duty by letting his children buy bonds of samsung 's affiliate companies through irregular financial transactions , incurring losses at the companies .
- 5. Under the complicated law that governs how pension money is managed , investment funds that derive over a quarter of their assets from public , private and foreign pensions are held to strict standards of fiduciary duty , and fall under the oversight of the department of labour .