Fiduciary

Fiduciary

Definition: based on trust and confidence

Sample Sentences:

1. Fiduciary duty to act in the best interest of his artist.
2. Fiduciary agents are obliged to disclose any commission they receive.
3. Congress has not done a very good job of exercising its fiduciary responsibilities to taxpayers.

Usage:

Employee Benefit News

New York Times

Paragraph:

     The above articles are both talking about how they wish that someone would be truthful with them, and not try to get past them with loose ends. One of my sample sentences said "Congress has not done a very good job of exercising its fiduciary responsibilities to taxpayers", which to me best represents the word fiduciary. The sentence means that congress does not let tax payers know fully where the tax payers money is going, which makes the tax payers have an untrustful attitude toward the government.