Words / C1

fi-DYOOSH-uh-ree/fɪˈdjuːʃəri/

Fiduciary means relating to the legal duty to act in another’s financial interest: a fiduciary duty, a fiduciary (the trustee, also a noun). Trust (already in the dictionary) is everyday; a foyer toast is not a signed file.

Meaning

Relating to the legal duty to act in another’s financial interest; a trustee (also noun; from trust, already in the dictionary).

Examples

• “A fiduciary duty is a signed file, not a foyer toast.”
• “Trustee is the person twin. Trust is already in this course. A toast is ceremony. A signature and a date are a file. Sign the duty; then raise the glass if the minute still stands.”

Good to know

Of a trustee’s duty of care. Everyday: trust (already in the dictionary). A toast ≠ a signed file.

Near in meaning

trustee, trust, custodial

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