Word of the Day

Fiduciary

Pronunciation

[fə-ˈdü-shē-ˌer-ē]                                                                                

Part of speech

Adjective or Noun

Origin & First Known Use

Latin, circa 1641 (Adjective); 1631 (Noun)

Definition(s)

Adjective

  1. of, relating to, or involving a confidence or trust: such as
  • held or founded in trust or confidence
  • holding in trust
  • depending on public confidence for value or currency

Noun

  1. one that holds a fiduciary relation or acts in a fiduciary capacity.                

Used in a sentence           

  1. For example, individual writers who are part of WGA’s lawsuit can continue with their claim that the agencies breached their fiduciary duties by not being fully transparent about the use of packaging fees.
  2. Their ethical duty is to do justice, and their fiduciary obligations are owed to the public.   

Did you know?

Noun

Fiduciary relationships often concern money, but the word fiduciary does not, in and of itself, suggest financial matters. Rather, fiduciary applies to any situation in which one person justifiably places confidence and trust in someone else and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. Fiduciary can also be used as a noun for the person who acts in a fiduciary capacity, and fiduciarily or fiducially can be called upon if you are in need of an adverb. The words are all faithful to their origin: Latin fidere, which means "to trust.".                                                              

The Word of the Day can also be found in the following places:

Courtesy of Merriam-Webster.com