fiduciary : Definition, Usages, News and More

Search Words

fiduciary

fuh dooh shee e ree

  • n  a person who holds assets in trust for a beneficiary
    it is illegal for a fiduciary to misappropriate money for personal gain
  • a  relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
    a fiduciary contract
    in a fiduciary capacity

  • Corporate law recognizes claims for breach of fiduciary duty, gross negligence, waste of corporate assets, or abuse of control to recover excessive compensation.
  • Treasury has a fiduciary duty to the American taxpayer, not the banks.
  • Did they have a fiduciary duty to public shareholders to disclose the issues with Jobs' health? They certainly knew about them long before the outside world did.
News & Articles

Quotes

  • John Paul Stevens in MarketWatch
    For defined-contribution plans, however, fiduciary misconduct need not threaten the entire plan's solvency to reduce benefits below the amount that participants would otherwise receive,Stevens wrote.
  • Gene Upshaw in Washington Post
    By proposing this I do not suggest that any of the six trustees have not acted in good faith and in accordance with their fiduciary duty,Upshaw wrote in prepared testimony to the Senate Committee on Commerce, Science and Transportation....

Hot News: The Heading Text Size Should Match With the Size Of The Image