Webfiduciary noun [ C ] LAW uk / fɪˈdjuːʃIəri / us / -ˈduːʃier- / plural fiduciaries a person or organization who is responsible for managing money or property for another person or … WebWhen someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially. The person who has a fiduciary duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary. If the fiduciary breaches the fiduciary duties, the fiduciary ...

The Difference Between Trustee & Fiduciary Sapling

WebNov 27, 2024 · 1585–1595 Latin ( fīdūciārius) What is a Fiduciary? A fiduciary is a person who, by law, is responsible for acting in the best interests of another person. A fiduciary can be a bank or a brokerage firm. The most common example of a fiduciary duty is that which a trustee performs under a trust. host ics

What does fiduciary duty mean? - The Corporate Governance ...

WebFeb 14, 2024 · Fiduciary can be traced to the 1640s. In the late 16th century, it would have been used as an adjective to describe something that inspires trust or credentials. The word comes from the Latin fiduciarius which comes from the Latin fiducia and the Latin fidere. The words meant: Fiducia – trust Fidere – to trust Webfiduciary. 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 … Webfiduciary. 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 ... psychologist with adhd