Fiduciary definition in context with images and synonyms in visual dictionary and thesaurus
/fɪˈdjuː.ʃi.ə.ri/ (adj)
Fiduciary definition
- relating to the relationship between a trustee and a beneficiary in finance
- relating to trust
Video of fiduciary
Fiduciary in context
Fiduciary money, or currency, refers to banknotes and coins in circulation in the economy. This is the liquidity available to economic actors to carry out transactions. It is a means of payment. Currency is tangible property.
The first coin was minted in 650 BC by King Aliatte II. The objective then, was to avoid having to record all transactions between economic agents by hand. Money put an end to the barter system and allowed trade to flourish. Gradually, all the world’s geographical areas created their own currencies, thus facilitating trade.
Source of context: https://www.centralcharts.com/
Parts of speech
Adverb: fiduciarily
