2011-02-20

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[personal profile] lettered2011-02-20 09:50 pm

fiduciary

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