In layman's terms, the evening can range anywhere from four o'clock to nine. In the vernacular of at least parts of the rural Southern United States and in some British dialects, evening is used to mean afternoon, as the main meal of the day, dinner, traditionally has occurred at midday.
âº relating to the responsibility to take care of someone else's money in a suitable way: 1  a breach of fiduciary duty. 2  fiduciary duties/obligations Management and the board of directors have fiduciary obligations which require that reports be produced in a manner consistent with these obligations.
In giving meaning to the term fiduciary in Section 3(a)(5)(C)(ii), we look to the legislative history, which states that Exchange Act Section 3(a)(5) excepts a bank from the definition of 'dealer' when it buys and sells securities for investment purposes for the bank or for accounts for which the bank acts as trustee or fiduciary.