fiduciary
/fɪˈduːʃiˌɛri/
adjective
- Involving trust, especially regarding money or property that one person manages for another.
- The company's board members have a fiduciary duty to the shareholders.
- The financial advisor has a fiduciary responsibility to act in her client's best interest.
- As a trustee, he must follow fiduciary rules when handling the charity's funds.
noun
- A person or organization that manages money or property for someone else and must act in that person's best interest.
- A lawyer can be a fiduciary when handling a client's estate.
- The bank acts as a fiduciary for the trust fund.
- The fiduciary must provide regular reports on how the investments are performing.