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fi·du·cia·ry 1 /fə-'dü-shə-rē, -'dyü-, -shē-ˌer-ē/ n pl -ries: one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation: one (as an agent) having a fiduciary duty to another see also fiduciary duty at duty, fiduciary relationship compare principalfiduciary 2 adj [Latin fiduciarius, from fiducia trust, transfer of a property on trust]1: of, relating to, or involving a confidence or trusta guardian acting in his fiduciary capacity2: of or relating to a fiduciary or the position of a fiduciarya fiduciary bond
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
adjective
commanding belief, commanding confidence, confidential, deserving belief, fiducial, founded in confidence, reliable, sound, trusted, trustworthy, worthy of belief, worthy of credence
associated concepts: fiduciary bequest, fiduciary bond, fiduciary capacity, fiduciary relation
II
noun
agent, caretaker, custodian, executor, guardian, one who handles property for another, one who transacts business for another, person entrusted with property of another, trustee
associated concepts: escrow, trust
III
index
executor, pecuniary, trustee
Burton's Legal Thesaurus. William C. Burton. 2006
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Where one person is in a position of trust - e.g. he has been given something to look after for another person - a fiduciary relationship may arise between the two persons involved. If the arrangement is of a sufficient degree to create a legal relationship, the person who is in the fiduciary capacity will owe duties akin to those applicable to trustee.
Easyform Glossary of Law Terms. — UK law terms.
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adj.Involving trust, confidence, and good faith; describes the relationship of a trustee to a beneficiary or a guardian to a ward.n.Someone entrusted with a duty to act on behalf of and in the best interest of someone else, especially the management of someone else’s property; a trustee.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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A person or company that has the power and obligation to act for another under circumstances which require total trust, good faith, and honesty. Fiduciaries can include trustees, business advisers, attorneys, guardians, administrators of estates, real estate agents, bankers, stock brokers, title companies, or anyone who undertakes to assist someone who places complete confidence and trust in that person or company.Category: Business, LLCs & CorporationsCategory: Small Claims Court & LawsuitsCategory: Wills, Trusts & Estates → Financial Powers of Attorney
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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A person to whom power or property is entrusted for the benefit of another.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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1 n. An individual owing another a legal duty of care and good faith in the management of a business, money, or property; for example, a corporate officer or the executor of a will.2 adj. Descriptive of a relationship that confers special higher responsibilities.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.
Dictionary from West's Encyclopedia of American Law. 2005.
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I
An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.II A person or institution who manages money or property for another and who must exercise a standard care imposed by law, i.e., personal representative or executor of an estate, a trustee, etc.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. The most common is a trustee of a trust, but fiduciaries can include business advisers, attorneys, guardians, administrators of estates, real estate agents, bankers, stockbrokers, title companies or anyone who undertakes to assist someone who places complete confidence and trust in that person or company. Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to a standard of conduct and trust above that of a stranger or of a casual business person. He/she/it must avoid "self-dealing" or "conflicts of interests" in which the potential benefit to the fiduciary is in conflict with what is best for the person who trusts him/her/it. For example, a stockbroker must consider the best investment for the client and not buy or sell on the basis of what brings him/her the highest commission. While a fiduciary and the beneficiary may join together in a business venture or a purchase of property, the best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary.2) adj. defining a situation or relationship in which a person is acting as a fiduciary for another.
Law dictionary. EdwART. 2013.
