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fiduciary: msg#00017

culture.language.word-of-the-day

Subject: fiduciary

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Bring to mind forgotten word acquaintances with
Merriam-Webster's Collegiate Thesaurus.
http://www.merriam-webster.com/cgi-bin/book.pl?thes.htm&2
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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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