Fiduciary (Adjective)
Meaning
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"; "fiducial power".
Classification
Relational adjectives (pertainyms).
Examples
- The company's financial advisor had a fiduciary duty to act in the best interests of the client.
- The lawyer was acting in a fiduciary capacity when she managed the estate of the deceased.
- The investment firm's fiduciary obligation was to maximize returns for its shareholders.
- The trust agreement established a fiduciary relationship between the grantor and the trustee.
- The board of directors had a fiduciary responsibility to make decisions that benefited the corporation as a whole.