fiduciary: Meaning and Definition of

fi•du•ci•ar•y

1. a person to whom property or power is entrusted for the benefit of another.

1. of or pertaining to the relation between a fiduciary and his or her principal: a fiduciary capacity; a fiduciary duty.
2. of, based on, or in the nature of trust and confidence, as in public affairs: a fiduciary obligation of government employees.
3. depending on public confidence for value or currency, as fiat money.