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fiduciary
(redirected from fiduciaries)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.
fiduciary (fidoo´shēerē),
n a person who has a duty to act primarily for another's benefit, as a trustee. Also, pertaining to the good faith and confidence involved in such a relationship.
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However, by having to wait for the IRS to issue a Compliance Statement, the process of fully protecting the plan and the fiduciaries can take an extended period of time.
DOL update: changes to Voluntary Fiduciary Correction Program expands ... by Bennett, Stephanie / California CPA
The common thread running through all is that fiduciaries have discretionary authority over another's money, property, or other assets, and a legal duty to act in a manner that benefits the other person, or organization.
What is your fiduciary IQ? by Schirick, Edward A. / Camping Magazine
Fiduciaries are required to perform professional or other services with all of the expertise, loyalty and due care that they possess.
Fiduciary responsibility and opportunity by Gray, Robert L. / The Tax Adviser
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