Definition of “fiduciary” - English Dictionary

“fiduciary” in British English

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fiduciaryadjective

uk /fɪˈdʒuː.ʃi.ə.ri/ us /fɪˈduː.ʃi.er.i/ specialized

relating to the responsibility to take care of someone else's money in a suitable way:

a breach of fiduciary duty

(Definition of “fiduciary” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“fiduciary” in Business English

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fiduciaryadjective

uk /fɪˈdjuːʃIəri/ us /-ˈduːʃier-/ LAW

relating to the responsibilities of a person or organization that manages property or money belonging to another person or organization:

fiduciary duties/obligations Management and the board of directors have fiduciary obligations which require that reports be produced in a manner consistent with these obligations.
"They have a fiduciary responsibility to watch the dollars at Chicago State," Davis said.
This case dealt with a managing director who was clearly in a fiduciary position.

fiduciarynoun [ C ]

uk /fɪˈdjuːʃIəri/ us /-ˈduːʃier-/ plural fiduciaries LAW

a person or organization who is responsible for managing money or property for another person or organization:

A court-appointed fiduciary has managed the trust for five years.

(Definition of “fiduciary” from the Cambridge Business English Dictionary © Cambridge University Press)

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