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.
Fiduciary fees are claimed as ordinary income. A fiduciary is a person in a position of trust in the management of money. Often, fiduciary fees are charged by the executor or trustee of an estate. These roles may be filled by a family friend or relative. At other times, particularly with larger estates, the fiduciary roles are filled by an institution -- a trust company or the trust department of a bank.