The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous good faith and can-dor which it requires. Thus, a person ij a fiduciary who is Invested with rights and powers to be exercised for the benefit of another person. Svanoe v. Jurgens, 144 111. 507, 33 N. E. 955; Stoll v. King, 8 How. Prnc. (N. ¥.) 299
Source: Black’s Law Dictionary 2nd Ed (1910)
