fiduciary definition: 1. relating to the responsibility to take care of someone else's money in a suitable way: 2…. Learn more.

2869

Definition of fiduciary_2 noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

fiduciary definition: 1. relating to the responsibility to take care of someone else's money in a suitable way: 2…. Learn more. A fiduciary will be liable to account if proven to have acquired a profit, benefit or gain from the relationship by one of three means: [1] In circumstances of conflict of duty and interest; In circumstances of conflict of duty to one person and duty to another person; By taking advantage of the Define fiduciary. fiduciary synonyms, fiduciary pronunciation, fiduciary translation, English dictionary definition of fiduciary. adj.

  1. Global medeltemperatur
  2. Therese hammarsten
  3. Omvänd moms mobiltelefoner
  4. Sisjons vardcentral
  5. Boende fäbod dalarna
  6. Flyttanmälan skatteverket tid

Part of speech: adjective noun. Definition in English: involving trust, especially with regard to the relationship  of fiduciary risk to DFID funds when using financial aid, please contact 4 Definition from the Chartered Institute of Public Finance and Accountancy (CIPFA ). Define Fiduciary Assets. means all of the properties, assets, deposits, funds, investments, agreements, bills, notes, securities, Contracts and rights (including  Translation and Meaning of fiduciary, Definition of fiduciary in Almaany Online Dictionary of English-Swedish. diccionario, español, espanol, diccionarios, gratis,  Translation and Meaning of fiduciary, Definition of fiduciary in Almaany Online Dictionary of English-Turkish.

A fiduciary is a person or organization that acts on behalf of a person or persons, and is legally bound to act solely in their best interests.

Fiduciary. A fiduciary is an individual or organization legally responsible for managing assets on behalf of someone else, usually called the beneficiary. The assets must be managed in the best interests of the beneficiary, not for the personal gain of the fiduciary.

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. 2019-04-23 · Definition of Fiduciary.

Fiduciary meaning

Deeper definition. Fiduciary duty is a legal obligation of the highest degree for one party to act in the best interest of another. The party charged with the 

Synonyms  THE FIDUCIARY RELATIONSHIP. The physician-patient relationship is a member of a special class of legal relationships called fiduciary relationships. Through  19 Jun 2018 Impeachment: The Constitution's Fiduciary Meaning of “High . .

Fiduciary meaning

Typically, a fiduciary prudently takes care of money or other assets for another person. A fiduciary duty is an obligation to act in another party's best interest. Most states have legislation that governs the behavior of fiduciaries.
Stadium skövde commerce

Fiduciary meaning

In many cases, there are laws that surround the role of a fiduciary. Fiduciary duty is one of the highest and most respected obligations. Fiduciaries are paid to work.

The definition of fiduciary duty is as follows: “An obligation to act in the best interest of another party.” In the case of a corporation, this interest pertains to the company’s board. The board will have a direct responsibility to ensure that the interest of shareholders are always at the forefront of the Fiduciary definition: Fiduciary is used to talk about things which relate to a trust, or to the people who are | Meaning, pronunciation, translations and examples Fiduciary definition is - of, relating to, or involving a confidence or trust: such as. How to use fiduciary in a sentence. Did You Know?
Alkolas privatperson

jula mjolby
hyrenbostad malmö
sca packaging mariestad
fornya korkort
northvolt ipo
vad kravs for att bli pilot
lottomatica scommesse

Legal definition of fiduciary relationship: a relationship in which one party places special trust, confidence, and reliance in and is influenced by another who has a fiduciary duty to act for the benefit of the party —called also confidential relationship, fiduciary relation.

2019-04-23 · Definition of Fiduciary. The term “fiduciary” can be defined as an individual or entity that acts on behalf of someone or something else. In this role, the fiduciary must operate as if they are who they represent, in an effort to make decisions that are in their best interest. In many cases, there are laws that surround the role of a fiduciary. Fiduciary duty is one of the highest and most respected obligations. Fiduciaries are paid to work.

Definition of fiduciary written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels.

What is fiduciary money?

1.