fiduciary
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.
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relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
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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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types:
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conservator
someone appointed by a court to assume responsibility for the interests of a minor or incompetent person
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administrator
the party appointed by a probate court to distribute the estate of someone who dies without a will or without naming an executor
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executor
a person appointed by a testator to carry out the terms of the will
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liquidator, receiver
(law) a person (usually appointed by a court of law) who liquidates assets or preserves them for the benefit of affected parties
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steward
someone who manages property or other affairs for someone else
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legal guardian, trustee
a person (or institution) to whom legal title to property is entrusted to use for another's benefit
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chamberlain
an officer who manages the household of a king or nobleman
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executrix
a woman executor
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Vocabulary lists containing fiduciary
Koffi, a sixteen-year-old indentured worker at the Night Zoo, joins forces with Ekon, the son of a decorated hero, to hunt down a dangerous creature that is threatening their home.
In this 17th-century treatise, Locke argues that governments are only legitimate when leaders rule with the consent of those who are governed. Read the full text here.
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