fiduciary meaning
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other asset for another person. fiduciary (abbreviation fid) is expected to be extremely loyal to the person to whom he owes the duty (the  principal ): such that there must be no conflict of duty between fiduciary and principal, and the fiduciary must not profit from his position as a fiduciary (unless the principal consents).