fiduciary
Other forms: fiduciaries
A fiduciary is a person who holds assets in trust for someone else. That person has a fiduciary duty to take care of the money.
Fiduciary comes from the Latin word fidere, "to trust." That's because a fiduciary is the person you trust to hold and watch over your assets until it's time for them to go to another designated person. For example, when a child's parents die, someone is chosen to look after the money left in the will until the child is old enough to manage it himself. Fiduciary can either be a noun to refer to the caretaker or an adjective to describe the trust.
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relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
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a person who holds assets in trust for a beneficiary“it is illegal for a fiduciary to misappropriate money for personal gain”types:conservatorsomeone appointed by a court to assume responsibility for the interests of a minor or incompetent personadministratorthe party appointed by a probate court to distribute the estate of someone who dies without a will or without naming an executorexecutora person appointed by a testator to carry out the terms of the willliquidator, receiver(law) a person (usually appointed by a court of law) who liquidates assets or preserves them for the benefit of affected partiesstewardsomeone who manages property or other affairs for someone elselegal guardian, trusteea person (or institution) to whom legal title to property is entrusted to use for another's benefitchamberlainan officer who manages the household of a king or noblemanexecutrixa woman executor
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Vocabulary lists containing fiduciary
Words selected by the Editors of the American Heritage® Dictionaries. Published by Houghton Mifflin Harcourt Publishing Company.
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