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fiduciary: msg#00017culture.language.word-of-the-day
**************************************************************** Bring to mind forgotten word acquaintances with Merriam-Webster's Collegiate Thesaurus. http://www.merriam-webster.com/cgi-bin/book.pl?thes.htm&2 **************************************************************** The Word of the Day for January 18 is: fiduciary \fih-DOO-shee-air-ee\ adjective : of, relating to, or involving a confidence or trust: as a : held or founded in trust or confidence b : holding in trust c : depending on public confidence for value or currency Example sentence: "Real estate brokers ... act in a fiduciary capacity and must place the interests of their clients above their own and be fair to all parties." (_Barron's Real Estate Handbook_) Did you know? Fiduciary relationships often concern money, but the word "fiduciary" does not, in and of itself, suggest financial matters. Rather, "fiduciary" applies to any situation in which one person justifiably places confidence and trust in someone else and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. "Fiduciary" can also be used as a noun for the person who acts in a fiduciary capacity, and "fiduciarily" or "fiducially" can be called upon if you are in need of an adverb. The words are all faithful to their origin -- Latin "fidere," which means "to trust." |
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