Fiduciary

C2 16+

Pronunciation: /fɪˈduʃiˌɛri/

Definitions of fiduciary

noun a person or organization that acts on behalf of another person or organization, especially in a financial context

Example Sentences

A1 A fiduciary is a person who is trusted to act in the best interest of another.

A2 My lawyer serves as a fiduciary for my estate.

B1 Investment advisors have a fiduciary duty to their clients.

B2 The board members have a fiduciary responsibility to the company's shareholders.

C1 As a fiduciary, he must always prioritize the interests of his clients.

C2 The trustee's fiduciary obligations require him to act with the utmost care and loyalty.

adjective involving trust, especially with regard to the relationship between a trustee and a beneficiary

Example Sentences

A1 The fiduciary duty of a trustee is to act in the best interests of the beneficiaries.

A2 It is important to choose a fiduciary financial advisor who will prioritize your financial well-being.

B1 The company's fiduciary responsibility includes managing employee retirement funds.

B2 The lawyer's fiduciary duty requires them to keep client information confidential.

C1 The board members have a fiduciary obligation to oversee the company's financial decisions.

C2 The CEO's fiduciary duty extends to ensuring the company operates ethically and legally.

Examples of fiduciary in a Sentence

formal The attorney acted as a fiduciary for her client, ensuring that their best interests were always prioritized.

informal I trust my financial advisor to be a fiduciary and make decisions that benefit me in the long run.

slang My lawyer is like my fiduciary, always looking out for me and making sure I don't get into any trouble.

figurative In a way, the CEO serves as a fiduciary for the company, responsible for leading it in the right direction and protecting its assets.

Grammatical Forms of fiduciary

plural

fiduciaries

comparative

more fiduciary

superlative

most fiduciary

present tense

fiduciaries

future tense

will fiduciary

perfect tense

have fiduciary

continuous tense

is fiduciary

singular

fiduciary

positive degree

fiduciary

infinitive

to fiduciary

gerund

fiduciarying

participle

fiduciaryed

Origin and Evolution of fiduciary

First Known Use: 1601 year
Language of Origin: Latin
Story behind the word: The word 'fiduciary' originates from the Latin word 'fiduciarus', which means 'held in trust'.
Evolution of the word: Originally used in legal contexts to refer to a person or institution entrusted with the care and management of assets on behalf of another party, the term 'fiduciary' has evolved to encompass a broader range of responsibilities related to trust, loyalty, and ethical conduct in various professional and personal relationships.