fiduciary
//fɪˈduːʃiˌɛri//
Noun
fiduciarySingular
fiduciariesPlural
1
A person or organization legally obligated to act in the best interest of another party, such as a trustee, executor, or financial advisor.
As a fiduciary, the financial advisor must always prioritize the client's interests.
Adjective
fiduciaryCanonical form
1
Relating to or involving a relationship of trust, especially one in which a person or entity holds assets or manages affairs on behalf of another.
The lawyer has a fiduciary duty to act in the best interest of the client.
2
Held or given in trust.
The fiduciary assets were managed according to the terms of the trust agreement.