fuduciary

USAGE SUMMARY

The word "fuduciary" is correct and usable in written English.
You can use it when you are referring to a person or organization that occupies a position in which they are legally obligated to act in the best interests of another party. For example, "The bank began proceedings to remove the fuduciary in charge of managing the client's trust fund."

⚠ May contain grammatical issues

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Some 90% of pledged aid failed to materialise, in part because aid pledges are often used to finance aid agencies' own studies and programmes, or because those agencies are unable to find Haitian partners offering necessary fiduciary safeguards.

The Guardian

It also said: "SAFA instructed Fifa that the Diaspora Legacy Programme should be administered and implemented directly by the President of Concacaf who at that time was Deputy Chairman of the Finance Committee and who should act as the fiduciary of the Diaspora Legacy Programme Fund of USD 10m".

The Guardian - Sport

For most large corporations – especially publicly traded firms with a fiduciary duty to their shareholders – anything that smacks of smaller returns on investment makes for a difficult sell.

The Guardian

How does a company balance its fiduciary responsibility to investors and shareholders to make as much money as possible, with its social responsibility to its employees?

The Guardian

It is the contention of the administrator that Mr Nadir is liable to repay the sums concerned as a result of his fraud and/or breach of fiduciary duty and/or malfeasance as a director".

The Guardian - Business

Tony Crook, chair of Shelter, and on the board of other not for profits, said that some of these boards were using meetings via telecon to deal with fiduciary and routine matters, enabling the board to focus on strategic matters when they met around the table.

The Guardian

In addition, SAFA requests that the Diaspora Legacy Programme be administered and implemented directly by the President of Concacaf who shall act as a fiduciary of the Fund".

The Guardian - Sport

In a statement, the South Carolina Republican trashed this partial disclosure as a handful of "self-selected emails" that was "reviewed and released" by lawyers who owe a "fiduciary responsibility to Secretary Clinton".

The Guardian

Mr Reed said the new board recognised that "serious damage has been inflicted on the exchange by unreasonable compensation of the previous chairman and CEO, and by failures of governance and fiduciary responsibility".

The Economist

Some of those buyers must have violated their fiduciary responsibilities by, at the very least, failing to do due diligence.

The Economist

But if METI's plan succeeds, expect much of corporate Japan to try to ignore the fiduciary bits, swallow the poison pill and drift back into a pleasant slumber.

The Economist

Expert writing Tips

Best practice

Always double-check the spelling of legal and financial terms like "fiduciary" to ensure accuracy in formal writing.

Common error

Avoid using "fuduciary". The correct spelling is "fiduciary", which refers to a person or organization that acts on behalf of another party, placing their client's interests above their own.

Linguistic Context

The term "fuduciary" is a misspelling of "fiduciary", which functions as an adjective or noun. As Ludwig indicates, the correct term refers to a relationship of trust and confidence where one party is legally obligated to act in another's best interest.

Expression frequency: Missing

Frequent in

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Less common in

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Ludwig's WRAP-UP

In summary, "fuduciary" is a misspelling of the term "fiduciary". As Ludwig AI points out, the word "fiduciary" denotes a relationship where one party is legally bound to act in the best interests of another. This term is commonly used in professional and formal contexts, such as finance and law. It's important to ensure correct spelling to maintain credibility in these fields. If you're aiming to convey trust and responsibility, always use the accurate term "fiduciary".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Fiduciary duty

This is the correct term for the legal obligation of trust.

Trusteeship

Refers to the position of being a trustee, holding something in trust for another.

Custodianship

Implies the act of safeguarding or caring for something on behalf of someone else.

Guardianship

Specifically refers to the legal right and responsibility to care for someone unable to manage their own affairs.

Acting in good faith

Emphasizes the honesty and sincerity in one's actions, similar to the expected behavior of a fiduciary.

Duty of care

Focuses on the legal responsibility to avoid acts or omissions that could reasonably be foreseen to cause harm to others.

Ethical obligation

Highlights the moral imperative to act in the best interests of another party.

Conflict of interest

Points to the potential problems when a fiduciary's personal interests clash with their duties.

Prudent management

Highlights the need for careful and responsible handling of assets or affairs.

Accountability

Emphasizes the responsibility to answer for one's actions and decisions, crucial for a fiduciary.

FAQs

What is the correct spelling, "fuduciary" or "fiduciary"?

The correct spelling is "fiduciary". "Fuduciary" is a misspelling and should not be used.

How does "fiduciary duty" apply in financial planning?

Fiduciary duty requires financial advisors to act in their clients' best interests, providing advice that benefits the client, not the advisor.

What are the consequences of breaching "fiduciary duty"?

Breaching "fiduciary duty" can lead to legal action, financial penalties, and damage to professional reputation.

Who typically has "fiduciary duties"?

Those with "fiduciary duties" commonly include trustees, financial advisors, lawyers, and corporate board members, who are entrusted to act in another's best interest.