Fiduciary

Definition:

Person who is responsible for the administration of property owned by others. Corporate management is a fiduciary with respect to corporate assets which are beneficially owned by the stockholders and creditors. Similarly, a trustee is the fiduciary of a trust and partners owe fiduciary responsibility to each other and to their creditors.

Related terms:

Engagement letter

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Term: Accounting -> Fiduciary

Fiduciary

Interest-bearing note payable

Engagement letter

It will help you work out how quickly you can pay off a loan if you increase your monthly repayments

Estimate how much borrowing you may be able to do monthly with the Borrowing Power Calculator

Calculate gross and net wage, Salary and hourly overtime, Monthly and weekly, by hours or years

Browse by categories

Terms

Accounting