Word Moment: Fiduciary

fi·du·ci·ar·y

adj.

 

1.

 

a. Of or relating to a holding of something in trust for another: a fiduciary heir; a fiduciary contract.
b. Of or being a trustee or trusteeship.
c. Held in trust.
2. Of or consisting of fiat money.
3. Of, relating to, or being a system of marking in the field of view of an optical instrument that is used as a reference point or measuring scale.
n. pl. fi·du·ci·ar·ies

 

One, such as an agent of a principal or a company director, that stands in a special relation of trust, confidence, or responsibility in certain obligations to others.
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