Feb. 20th, 2011

fiduciary

Feb. 20th, 2011 09:50 pm
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fi·du·ci·ar·y 


[fi-doo-shee-er-ee, -dyoo-]

-noun, plural: -ar·ies

1. Law: a person to whom property or power is entrusted for the benefit of another

–adjective
2. Law: of or pertaining to the relation between a fiduciary and his or her principal, e.g. fiduciary capacity; a fiduciary duty
3. of, based on, or in the nature of trust and confidence, as in public affairs, e.g. a fiduciary obligation of government employees
4. depending on public confidence for value or currency, as fiat money

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