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

adj 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”

n 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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