A person or organization that acts on behalf of another person or persons, putting their clients' interest ahead of their own, with a duty to preserve good faith and trust.
The lawyer acted as a fiduciary for the elderly client, ensuring her assets were managed properly.
A trustee or someone who holds a legal or ethical relationship of trust with one or more parties.
As a fiduciary, the financial advisor was responsible for managing the trust fund in the best interest of the beneficiaries.
fiduciaryadjective
Relating to a duty of trust or confidence, typically in a financial context.
The lawyer had a fiduciary responsibility to act in the best interest of her client.
(Economics, of money or currency) Having value solely because of public confidence in the issuer rather than intrinsic worth; fiat.
By the early twentieth century, most nations had moved to a fiduciary currency unlinked to precious metals.