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CEFR C1 — Advanced

Fiduciary

Definition

(formal, legal) A person or organization that has the power and duty to act for another person or organization, especially in financial matters, and is expected to act in their best interests; a trustee or guardian.

Example Sentences

1As a fiduciary, the investment manager is required to prioritize the client's financial goals over personal gain.
2Is it acceptable for a fiduciary to receive compensation for their services, or does this create a conflict of interest?
3The court appointed a fiduciary to manage the estate of the deceased person, ensuring that their wishes were respected.
4Banks often act as fiduciaries for their clients, holding and managing their assets securely.
5The company's board of directors has a fiduciary duty to act in the best interests of the shareholders, rather than pursuing personal agendas.

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