BusinessAugust 17, 2026
fiduciary
fuh-DOO-shee-air-ee
Definition
Relating to a legal or ethical relationship of trust, specifically the duty of a financial manager to act in the best interest of the parties whose assets they oversee.
Etymology
Derived from the Latin word 'fiducia', meaning trust or confidence, which itself comes from 'fidus', meaning faithful.
In the news
The article uses the term to describe pension fund administrators, who have a professional obligation to invest capital only in assets that meet strict safety, verifiability, and accountability standards.
Pension assets cross ₦31tn, as built environment records below 1% – Report
Read the full article ↗Vanguard News