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Trustee vs Fiduciary - What's the difference?

trustee | fiduciary |

As nouns the difference between trustee and fiduciary

is that trustee is a person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process while fiduciary is one who holds a thing in trust for another; a trustee.

As a verb trustee

is to commit (property) to the care of a trustee; as, to trustee an estate.

As an adjective fiduciary is

related to trusts and trustees.

trustee

English

(wikipedia trustee)

Noun

(en noun)
  • A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.

    • Derived terms

    * board of trustees * public trustee

    Verb

    (en verb)
  • To commit (property) to the care of a ; as, to trustee an estate.
  • To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

    • fiduciary

    English

    Adjective

    (en adjective)
  • (legal) Related to trusts and trustees.
    • a fiduciary contract
    a fiduciary duty
  • Pertaining to paper money whose value depends on public confidence or securities.
  • * 2002 , , The Great Nation , Penguin 2003, p. 63:
    • Indeed, currency would be more effective for not being gold and silver but fiduciary paper money.

    Noun

    (fiduciaries)
  • (legal) One who holds a thing in trust for another; a trustee.
  • (theology) One who depends for salvation on faith, without works; an antinomian.