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fiduciary
(redirected from Breach of fiduciary responsibility)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.04 sec.
Fiduciary
1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profits.

2. A loan made on trust rather than against some security or asset.

Notes:
1. Children or elderly people typically need a fiduciary. The person who looks after the assets on the other's behalf is expected to act in the best interests of the person whose assets they are in charge of. This is know as "fiduciary duty".

Fiduciary
One who must act for the benefit of another party.
fiduciary
A person, such as an investment manager or the executor of an estate, or an organization, such as a bank, entrusted with the property of another party and in whose best interests the fiduciary is expected to act when holding, investing, or otherwise using that party's property.
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? Mentioned in ? References in periodicals archive
 
Current rule 99 allows discipline for acts or crimes that are related to the practice of public accountancy, which include, among other things, dishonesty, fraud, breach of fiduciary responsibility and gross negligence in the practice of public accountancy.
Top issues: rule 99, mobility and CPA Day at the Capitol by Allen, Bruce C. / California CPA
But if you know there is a 100% chance of a natural or manmade disaster affecting your business, is it a breach of fiduciary responsibility not to take a proactive approach to disaster risk management?
Conceive the inconceivable: the risk exposures are real, and so are ... by Rasmussen, Erik / Best's Review
SAG has countersued Metoyer, alleging fraud and breach of fiduciary responsibility, and has retained O'Melveny & Myers to join its original firm in the suits, Geffner & Bush.
Actors' union fending off discrimination lawsuits. (Up Front) by Bronstad, Amanda / Los Angeles Business Journal
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