The person or legal entity that manages assets for the benefit of others Legally obligated to invest the assets in the best interest of the beneficiaries
Person or company entrusted with assets owned by another party (beneficiary), and is responsible for investing the assets until they are turned over to the beneficiary
A person legally appointed and authorized to hold assets in trust for another person and manage those assets for the benefit of that person
A person that acts for another person's benefit, like a trustee It can also be an adjective and mean something that is based on a trust or confidence (See also trustee )
a person who holds assets in trust for a beneficiary; "it is illegal for a fiduciary to misappropriate money for personal gain" relating to or of the nature of a legal trust i
A person who acts as a trustee or primarily for another person's benefit As a descriptive word rather than a noun, fiduciary means something based on a trust or confidence
Normally, the term is synonymous to a trustee, which is the classic form of a fiduciary relationship A fiduciary has rights and powers which would normally belong to another person The fiduciary holds those rights which he or she must exercise to the benefit of the beneficiary A fiduciary must not allow any conflict of interest to infect their duties towards the beneficiary and must exercise a high standard of care in protecting or promoting the interests of the beneficiary Fiduciary responsibilities exist for persons other than trustees such as between solicitor and client and principal and agent
A person holding the funds or property of another in a position of trust An example would be the executor of an estate (G)
A person who has assumed a special relationship to another person or another person's property, such as a trustee, administrator, executor, lawyer, or guardian The fiduciary must exercise the highest degree of care to maintain and preserve the person's rights and/or property which are within his/her charge
A person or institution that takes the responsibility of acting on behalf of another person In reference to wills, estates and trusts, the following act in a fiduciary capacity for the maker of a will, for his estate and for his beneficiaries: his attorney(s), executor(s), trustee(s) and any guardian(s) they may name All are bound by good faith and trust
a person who holds assets in trust for a beneficiary; "it is illegal for a fiduciary to misappropriate money for personal gain"
A person who is entrusted with exercising rights and powers for the benefit of another person or other persons A fiduciary cannot benefit personally from the exercise of this responsibility
one who is entrusted with duties on behalf of another The law requires the highest level of good faith, loyalty and diligence of a fiduciary, higher than the common duty of care that we all owe one another The debtor in possession in a Chapter 11 is a fiduciary for the creditors, owing loyalty to the creditors and not the shareholders of the debtor
{s} of or pertaining to a trustee (Law); based on or involving trust or confidence; based on public confidence
Fiduciary is used to talk about things which relate to a trust, or to the people who are in charge of a trust. They have a case against their directors for breach of fiduciary duty. In law, a person in a position of authority whom the law obligates to act solely on behalf of the person he or she represents and in good faith. Examples of fiduciaries are agents, executors, trustees, guardians, and officers of corporations. Unlike people in ordinary business relationships, fiduciaries may not seek personal benefit from their transactions with those they represent
A person legally appointed and authorized to hold and manage assets in trust for another person