Term of the Day Friday, November 16, 2018
fiduciary
Definition
An individual, corporation or association holding assets for another party, often with the legal authority and duty to make decisions regarding financial matters on behalf of the other party.
Use fiduciary in a sentence
“ You should try to make sure that any fiduciary decision you make has the right long term outlook for your company. ”
“ The man said he had a fiduciary status and could make decisions regarding financial matters for the other people he was partnered with. ”
“ Having such a fiduciary duty would bother someone of my stature, but I would rather do it than have someone who is unfit to be trusted with such a task. ”
