Other forms: fiduciaries

A fiduciary is a person who holds assets in trust for someone else. That person has a fiduciary duty to take care of the money.

Fiduciary comes from the Latin word fidere, "to trust." That's because a fiduciary is the person you trust to hold and watch over your assets until it's time for them to go to another designated person. For example, when a child's parents die, someone is chosen to look after the money left in the will until the child is old enough to manage it himself. Fiduciary can either be a noun to refer to the caretaker or an adjective to describe the trust.

Definitions of fiduciary
  1. adjective
    relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
    “a fiduciary contract”
    “in a fiduciary capacity”
    synonyms: fiducial
  2. noun
    a person who holds assets in trust for a beneficiary
    “it is illegal for a fiduciary to misappropriate money for personal gain”
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    someone appointed by a court to assume responsibility for the interests of a minor or incompetent person
    the party appointed by a probate court to distribute the estate of someone who dies without a will or without naming an executor
    a person appointed by a testator to carry out the terms of the will
    liquidator, receiver
    (law) a person (usually appointed by a court of law) who liquidates assets or preserves them for the benefit of affected parties
    someone who manages property or other affairs for someone else
    legal guardian, trustee
    a person (or institution) to whom legal title to property is entrusted to use for another's benefit
    an officer who manages the household of a king or nobleman
    a woman executor
    type of:
    individual, mortal, person, somebody, someone, soul
    a human being
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DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘fiduciary'. Views expressed in the examples do not represent the opinion of or its editors. Send us feedback
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