fiduciary (C1)
adjective
Pronunciation: /fɪˈdjuːʃiˌɛri/
Definition
Involving trust, especially the relationship between a trustee and a beneficiary, where one party must act in the best interests of the other.
Examples
The company's CEO was accused of violating his fiduciary responsibilities to the shareholders.
Financial advisors have a fiduciary obligation to provide honest and unbiased advice.
The court appointed a fiduciary to manage the estate during the probate process.
How to Use fiduciary
- fiduciary duty (collocation)
- A legal or ethical obligation of one party to act in the best interest of another. — "The board of directors has a fiduciary duty to the company's shareholders."
- fiduciary responsibility (collocation)
- An obligation to act with care and good faith on behalf of another. — "He was criticized for neglecting his fiduciary responsibilities as an executor."
- fiduciary relationship (collocation)
- A relationship based on trust and confidence, where one party owes a duty to the other. — "The lawyer-client connection is a classic example of a fiduciary relationship."
Synonyms of fiduciary
Words with a similar meaning to fiduciary:
Antonyms of fiduciary
Words with the opposite meaning to fiduciary:
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