fiduciary

3 definitions • 5 examples

relating to the responsibility to take care of someone else's money in a suitable way:

a breach of fiduciary duty

relating to the responsibilities of a person or organization that manages property or money belonging to another person or organization:

fiduciary duties/obligations Management and the board of directors have fiduciary obligations which require that reports be produced in a manner consistent with these obligations.

"They have a fiduciary responsibility to watch the dollars at Chicago State," Davis said.

This case dealt with a managing director who was clearly in a fiduciary position.

a person or organization who is responsible for managing money or property for another person or organization:

A court-appointed fiduciary has managed the trust for five years.