adjective
- involving trust, especially with regard to the relationship between a trustee and a beneficiary
Usage: legal; finance
noun
- a person who holds a legal or ethical relationship of trust with one or more other parties
Usage: legal; finance
Examples
- The lawyer has a fiduciary duty to act in his client’s best interests.
- Bank officers must maintain fiduciary responsibility when managing customer accounts.
- As a fiduciary, she was legally bound to make decisions that benefited the estate.
- The investment advisor violated his fiduciary obligations by recommending unsuitable products.
- Parents serve as natural fiduciaries for their minor children’s financial affairs.
- The board members have a fiduciary relationship with the company’s shareholders.