Tuesday, July 15, 2008

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


Method Proven To Stop Panic, Anxiety, Phobias Without Drugs
I am a nurse and thought about what would I do for my patients;
research the problem and get information...
"I was doing a relaxation technique one day and my 9 yr-old daughter said,
'Mom, you don't need to do that anymore, you don't have anxiety anymore.'
I feel this program saved my life." -Shari
Learn more


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