Definition of Fiduciary
(law) Relating to an entity that owes to another good faith, accountability and trust, often in the context of trusts and trustees. | Pertaining to paper money whose value depends on public confidence or securities. | (law) One who holds a thing in trust for another; a trustee. | (theology) One who depends for salvation on faith, without works; an antinomian.
How to use Fiduciary in Sentences?
- 1. For thousands of years Egypt used ingots, not real money, but it was acquainted with fiduciary money. 🔊