fiduciary: Dictionary.com Word of the Day

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Word of the Day for Tuesday, July 15, 2008 fiduciary \fih-DOO-shee-air-ee\, adjective: 1. Relating to the holding of something in trust for another. 2. Someone who stands in a special relation of trust, confidence, or responsibility in certain obligations to others; a trustee. American capitalism relies heavily on the fiduciary duty concept to protect those who entrust their money to large and often distant corporations. -- Senator Susan Collins, Congressional Record, July 11, 2002 Corporate boards, whose members are elected by shareholders, bear the ultimate legal and fiduciary responsibility for the company's performance. -- John Maggs, "Out of the Loop", National Journal, March 9, 2002 Congress is faced with a great challenge in protecting workers who need help, while employing our fiduciary responsibility to guard the taxpayer dollar. -- Representative Jennifer Dunn, The Seattle Times, October 1, 2001 As fiduciaries, investment advisers are expected to be on the client's side of the negotiating table in any deal. -- Robert Barker, "Will the SEC Bless This Masquerade?", Business Week, March 9, 2002 Fiduciary comes from Latin fiduciarius, from fiducia, "trust," and is related to faith and fidelity. Dictionary.com Entry and Pronunciation for fiduciary Yesterday's Word - Previous Words - Help
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