Fiduciary in United Kingdom

Definition of Fiduciary

In accordance with the work A Dictionary of Law, this is a description of Fiduciary : (from Latin: fiducia, ‘trust’)

1. n. A person, such as a trustee, who holds a position of trust or confidence with respect to someone else and who is therefore obliged to act solely for that person’s benefit.

2. adj. In a position of trust or confidence. Fiduciary relationships include those between trustees and their beneficiaries, company promoters and directors and their shareholders, solicitors and their clients, and guardians and their wards.