A generic term for persons or legal entities such as executors, trustees, and guardians appointed by the court, under a will, or by a trust to manage, control, or dispose of the property of others.
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A person charged with the money or property of another, which is being held in trust. The fiduciary is legally obligated to act ethically in this position.
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US: A person who holds something in trust for another.
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MEDICAL,USA: Individual in a position of trust with regard to the affairs of another, who has a duty to act primarily for the benefit of the other, with respect to a particular undertaking. For example, when an insurance company manages pension funds, the insurance company is acting as a fiduciary.
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Person, corporation, or other entity occupying a position of trust. especially one who manages the affairs of another.
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UK: The term is synonymous with trustee. A fiduciary relationship arises when one person puts trust in another and that other, the fiduciary, is under a duty to act in the first person’s best interests in good faith without ulterior motive. Examples include partnerships, trustee and beneficiary, directors and the company. See DIRECTORS’ AND OFFICERS’ LIABILITY.