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fiduciary
(redirected from fiduciary duty)

    Also found in: Dictionary/thesaurus, 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
 
When the terminal operator sued the city in late 2004 for breach of contract and fiduciary duty it accused the city of trying to run it out of business.
Port deal by Los Angeles Business Journal
Chapters cover organizational responses to ethical problems, conflicts of interest and fiduciary duty, patient autonomy and the paradigm of physician-assisted suicide, and much more.
Ethics in Health Services Management by Volk, Carol / Reviewer's Bookwatch
If you are employed by any company, you have a fiduciary duty to that company.
Fiduciary duty vs. emotions by Thompson, Jim (American legislator) / Solutions - for People, Processes and Paper
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