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
- 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.
- Corporate law recognizes claims for breach of fiduciary duty, gross negligence, waste of corporate assets, or abuse of control to recover excessive compensation.