Meaning of the word fiduciary in English
What does fiduciary mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
fiduciary
US /fɪˈduː.ʃi.er.i/
UK /fɪˈdʒuː.ʃi.ə.ri/
Adjective
involving trust, especially with regard to the relationship between a trustee and a beneficiary
Example:
•
The lawyer has a fiduciary duty to act in the best interests of their client.
•
A fiduciary relationship requires the highest degree of loyalty and good faith.
Noun
a person to whom property or power is entrusted for the benefit of another
Example:
•
As a fiduciary, he is legally bound to manage the assets responsibly.
•
The bank acts as a fiduciary for its clients' investment portfolios.