—fiduciarily, adv./fi dooh"shee er'ee, -dyooh"-/, n., pl. fiduciaries, adj.n.1. Law. a person to whom property or power is entrusted for the benefit of another.adj.2. Law. of or pertaining to the relation between a fiduciary and his or her principal: a fiduciary capacity; a fiduciary duty.3. of, based on, or in the nature of trust and confidence, as in public affairs: a fiduciary obligation of government employees.4. depending on public confidence for value or currency, as fiat money.[1585-95; < L fiduciarius of something held in trust, equiv. to fiduci(a) trust + -arius -ARY]
* * *In law, a person in a position of authority whom the law obligates to act solely on behalf of the person he or she represents and in good faith.Examples of fiduciaries are agents, executors, trustees, guardians, and officers of corporations. Unlike people in ordinary business relationships, fiduciaries may not seek personal benefit from their transactions with those they represent.
* * *▪ lawin law, a person who occupies a position of such power and confidence with regard to the property of another that the law requires him to act solely in the interest of the person whom he represents. Examples of fiduciaries are agents, executors and administrators, trustees, guardians, and officers of corporations. They may be contrasted with persons in an ordinary business relationship, in which each party is free to seek purely personal benefits from his transactions with the other.
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