Fiduciary

Fiduciary in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of fiduciary.

Grammar

This term is an adjetive.

Etimology of Fiduciary

(You may find fiduciary at the world legal encyclopedia and the etimology of more terms).

1640s, “holding something in trust,” from Latin fiduciarius “entrusted, held in trust,” from fiducia “trust, confidence, reliance;” in law, “a deposit, pledge, security,” from root of fidere “to trust” (see faith). In Roman law, fiducia was “a right transferred in trust;” paper currency sense (1878) is because its value depends on the trust of the public. As a noun, “one who holds something in trust,” from 1630s.

Resources

See Also

• Law Enforcement Officer
• Police Work
• Law Enforcement Agency

Further Reading

• fiduciary in A Dictionary of Law Enforcement (Oxford University Press)
• fiduciary in the Encyclopedia of Law Enforcement
• A Treatise on the Police of the Metropolis

English Legal System: Fiduciary

In the context of the English law, A Dictionary of Law provides the following legal concept 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.

Fiduciary Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Fiduciary in a way that is easy for anybody to understand: Person who is responsible for the administration of property owned by others. Corporate management is a FIDUCIARY with respect to corporate ASSETS which are beneficially owned by the stockholders and CREDITORS. Similarly, a TRUSTEE is the fiduciary of a TRUST and partners owe fiduciary responsibility to each other and to their creditors.

United States Tax Concept of Fiduciary

An individual, company, or association responsible for managing another’s assets. A person or corporation such as a trustee, executor, or guardian who manages property for another person. Fiduciaries include executors of wills and estates, trustees, receivers in bankruptcy, and those responsible for managing the finances of a minor.

Meaning of Fiduciary in the U.S. Legal System

Definition of Fiduciary published by the National Association for Court Management: A person having a legal relationship of trust and confidence to another and having a duty to act primarily for the others benefit, e.g., a guardian, trustee, or executor.

Concept of Fiduciary in the context of Real Property

A short definition of Fiduciary: One acting in a relationship of trust, regarding financial transactions.

Concept of Fiduciary in the context of Real Property

A short definition of Fiduciary: One acting in a relationship of trust, regarding financial transactions.

Fiduciary