It's the Word of the Day podcast for January 27th.

Today's word is fiduciary, also pronounced fiduciary and spelled F-I-D-U-C-I-A-R-Y.

Feduciary is an adjective.

It's a formal word describing something relating to or involving trust, such as the trust

between a customer and a professional.

Here's the word used.

In a sentence from American banker, banks and brokerage firms hold a fiduciary responsibility to protect their

customers, including from scams. Fiduciary relationships are often of the financial variety,

but the word fiduciary does not in and of itself suggest pecuniary or money-related matters. Rather, fiduciary applies to any

situation in which one person justifiably places confidence and trust in someone else, and seeks

that person's help or advice in some matter. The attorney-client relationship is a fiduciary one,

for example, because the client trusts the attorney to act in the best interest of the client at all times.

fiduciary can also be used as a noun, referring to the person who acts in a fiduciary capacity, and fiduciarily or fiducially can be called upon if you need an adverb. The words are all

faithful to their origin, the Latin fidere, which means to trust. With your word of the day,

I'm Peter Sokolowski.

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