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Fiduciary - Dictionary Definition and Overview |
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Fiduciary : adj : 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";
"fiducial power" [syn: fiducial]
(noun)
1: a person who holds assets in trust for a beneficiary; "it is
illegal for a fiduciary to misappropriate money for
personal gain"
Based on WordNet 2.0
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Fiduciary : \Fi*du"ci*a*ry\, n.
1. One who holds a thing in trust for another; a trustee.
Instrumental to the conveying God's blessing upon
those whose fiduciaries they are. --Jer. Taylor.
2. (Theol.) One who depends for salvation on faith, without
works; an Antinomian. --Hammond.
Based on Webster's Revised Unabridged Dictionary
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FIDUCIARY. This term is borrowed from the civil law. The Roman laws called a
Fiduciary : heir, the person who was instituted heir, and who was charged to
deliver the succession to a person designated by the testament. Merl.
Repert. h.t. But Pothier, Pand. vol. 22, h.t., says that fiduciarius heres
properly signifies the person to whom a testator has sold his inheritance,
under the condition that he should sell it to another. Fiduciary may be
defined to be, in trust, in confidence.
2. A fiduciary contract is defined to be, an agreement by which a
person delivers a thing to another, on the condition that he will restore it
to him. The following formula was employed:' Ut inter bonos agere opportet,
ne propter te fidemque tuam frauder. Cicer. de Offc. lib. 3, cap. 13; Lec.
du Dr. Civ. Rom. Sec. 237, 238. See 2 How. S. C. Rep. 202, 208; 6 Watts &
Serg. 18; 7 Watts, 415.
Based on Webster's Revised Unabridged Dictionary (1913)
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