Vocabulary Entry

fiduciary

|adjective • noun

adjective

Relating to the responsibility of a person or organization to manage another's assets or interests with trust and care.

Example Sentences

"The fiduciary duty requires the agent to act in the best interest of the principal."

"As a fiduciary advisor, she always prioritizes her clients' financial goals."

"He held a fiduciary position, ensuring the trust was properly managed."

noun

Example Sentences

"The fiduciary must disclose any potential conflicts of interest."

"She served as the fiduciary of the trust, overseeing its investments."

"It's crucial to select a reliable fiduciary when setting up a family trust."