fiduciary
/fɪˈduːʃiˌɛri/
Definition
Relating to a legal or ethical relationship of trust, where one party acts on behalf of another to manage assets or financial interests with the highest standard of care.
Etymology
Derived from the Latin 'fiducia,' meaning 'trust' or 'confidence,' which stems from the root 'fidus,' meaning 'faithful.' It entered English in the 17th century to describe roles involving professional trust.
In the news
Although the word 'fiduciary' does not appear directly in the text, it describes the underlying responsibility Realty Income and Cloud Capital have toward their investors while managing institutional capital and shared portfolio assets.
Realty Income Forms Programmatic Joint Venture with Cloud Capital and a Global Institutional Investor to Invest in Hyperscale Data Centers; Initial Seed Assets Valued at Over $6 Billion
Read the full article ↗PR Newswire