Fiduciary
adjective | /fiduciary/
Relating to a relationship of trust in which one person or institution has a duty to act in another’s best interests, especially in financial matters.
Fiduciary
adjective | /fiduciary/
Essential WordsHARDRelating to a relationship of trust in which one person or institution has a duty to act in another’s best interests, especially in financial matters.
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Synonyms
Examples
"A fiduciary adviser must put the client’s interests before personal profit. Means: A trusted financial adviser must prioritize the client rather than personal gain."
"The board faced a fiduciary duty to protect the organization’s funds. Means: The board had a legal responsibility to manage the organization’s money carefully."
Mnemonic Trick
Fiduciary comes from faith and trust: a fiduciary is trusted to act responsibly.
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