Fiduciary
/ˌfɪdʒ.əˈʃɪə.ri/
Definitions
- (n.) An individual or entity entrusted to manage assets or interests on behalf of another with a duty of loyalty and care.
The trustee acted as a fiduciary to manage the beneficiary's trust fund.
- (adj.) Relating to the relationship or duties involving trust and confidence, especially in legal or financial contexts.
Fiduciary duties require acting in the best interests of the client.
Forms
- fiduciaries
Related terms
See also
Commentary
Use 'fiduciary' to emphasize the legal duty of loyalty and care owed by one party to another; often appears in trust, corporate, and agency law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.