Difference between revisions of "Fiduciary"
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| − | ''Fiduciary '' - ( | + | ''Fiduciary '' - (adjective) |
== Definition == | == Definition == | ||
| − | + | This refers to the responsibilities of a person or organisation that manages the assets (property or money) of another person or organisation. It is often used with the noun ‘duty’. | |
== Extra == | == Extra == | ||
| − | '''Source:''' Adapted from | + | '''Source:''' Adapted from Cambridge English Dictionary <br /> |
| − | '''Example of Use:''' The | + | '''Example of Use:''' The board of directors of the company have a fiduciary duty to the shareholders.[[Category: Business Terminology ]][[Category: Glossary]] |
Latest revision as of 18:42, 11 March 2020
Fiduciary - (adjective)
Definition
This refers to the responsibilities of a person or organisation that manages the assets (property or money) of another person or organisation. It is often used with the noun ‘duty’.
Extra
Source: Adapted from Cambridge English Dictionary
Example of Use: The board of directors of the company have a fiduciary duty to the shareholders.
