FIDUCIARY

fiduciary, fiducial

(adjective) relating to or of the nature of a legal trust (i.e. the holding of something in trust for another); “a fiduciary contract”; “in a fiduciary capacity”; “fiducial power”

fiduciary

(noun) a person who holds assets in trust for a beneficiary; “it is illegal for a fiduciary to misappropriate money for personal gain”

Source: WordNet® 3.1


Etymology

Adjective

fiduciary (not comparable)

(legal) Relating to an entity that owes to another good faith, accountability and trust, often in the context of trusts and trustees.

Pertaining to paper money whose value depends on public confidence or securities.

Noun

fiduciary (plural fiduciaries)

(legal) One who holds a thing in trust for another; a trustee.

(theology) One who depends for salvation on faith, without works; an antinomian.

Source: Wiktionary


Fi*du"ci*a*ry ( or ), a. Etym: [L. fiduciarus, fr. fiducia: cf. F. fiduciaire. See Fiducial.]

1. Involving confidence or trust; confident; undoubting; faithful; firm; as, in a fiduciary capacity. "Fiduciary obedience." Howell.

2. Holding, held, or founded, in trust. Spelman.

Fi*du"ci*a*ry, n.

1. One who holds a thing in trust for another; a trustee. Instrumental to the conveying God's blessing upon those whose fiduciaries they are. Jer. Taylor.

2. (Theol.)

Definition: One who depends for salvation on faith, without works; an Antinomian. Hammond.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

29 April 2024

SUBDUCTION

(noun) a geological process in which one edge of a crustal plate is forced sideways and downward into the mantle below another plate


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Coffee Trivia

In 1511, leaders in Mecca believed coffee stimulated radical thinking and outlawed the drink. In 1524, the leaders overturned that order, and people could drink coffee again.

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