Used in contexts where someone is entrusted with another's money or property, often legally bound. The accountant acted in a fiduciary capacity for her clients.
Pro Tip 2/3
Ethical Obligation
Highlights the ethical requirement to act for someone else’s benefit, not personal gain. Financial advisors have a fiduciary responsibility to their investors.
Pro Tip 3/3
Serious Commitment
Implies a serious, often legal, commitment to act in the best interest of others. He took his fiduciary role seriously when managing the charity funds.