Fiduciary

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The word "fiduciary" is derived from the Latin word meaning "trust". The adjectival form of the word can mean "held in trust" or "valuable only because of public confidence and support".[1]

A fiduciary (noun) is an individual, corporation or association that holds assets for another party, with the legal authority and duty to make decisions regarding financial matters on behalf of the other party.[2] Synonymous with "trustee".


References

  1. Definition of fiduciary. yourdictionary.com.
  2. fiduciary definition. investorwords.