The modern fiduciary pledges to look after other people’s money, as in the case of employee retirement plans. In ancient Rome, however, a “fiduciary” had an even more delicate assignment. A fiduciary was the person entrusted to bring home safely a daughter or sister, after buying her out of a bad marriage. Her family would send their fiduciary to pay the price of the unhappy woman’s freedom, take possession of her, and bring her unharmed to the person of her choosing. Having the same root as the word “fidelity,” the word has always meant someone who can be trusted to act faithfully or unselfishly.
Tuesday, April 6, 2010
Fiduciary
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment