Fiduciary Meaning in English
word
Definition
Relating to the responsibility of managing someone else's money or property, usually in a position of trust, like a financial advisor or trustee.
Usage & Nuances
Mostly used in legal, financial, and business contexts. Common combinations: 'fiduciary duty', 'fiduciary responsibility', 'fiduciary relationship.' A 'fiduciary' person must act in the best interest of someone else. Not used in casual conversation.
Example Sentences
The lawyer has a fiduciary duty to his client.
basic
A trustee is a fiduciary for the trust's beneficiaries.
basic
Banks have fiduciary responsibilities towards their clients.
basic
He broke his fiduciary duty by using the funds for himself.
natural
Investors want someone with a fiduciary responsibility to handle their money.
natural
There are serious legal consequences for violating a fiduciary relationship.
natural