fiduciary - Meaning in Punjabi
fiduciary - Meaning in Punjabi
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Definitions and Meaning of fiduciary in English
fiduciary adjective
- relating to or of the nature of a legal trust (i.e. the holding of something in trust for another)
Synonyms
fiducial
Examples
- "a fiduciary contract"
- "fiducial power"
- "in a fiduciary capacity"
fiduciary noun
- a person who holds assets in trust for a beneficiary
Example
- "it is illegal for a fiduciary to misappropriate money for personal gain"
Description
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, financial advisers, financial planners, and asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice, or protection is sought in some matter. In such a relation, good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.
Also see "Fiduciary" on WikipediaA fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.
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What is fiduciary meaning in Punjabi?
The word or phrase fiduciary refers to relating to or of the nature of a legal trust (i.e. the holding of something in trust for another), or a person who holds assets in trust for a beneficiary. See fiduciary meaning in Punjabi, fiduciary definition, translation and meaning of fiduciary in Punjabi. Find fiduciary similar words, fiduciary synonyms. Learn and practice the pronunciation of fiduciary. Find the answer of what is the meaning of fiduciary in Punjabi.
Other languages: fiduciary meaning in Hindi
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What is fiduciary meaning in Punjabi, fiduciary translation in Punjabi, fiduciary definition, pronunciations and examples of fiduciary in Punjabi.