👉 "Fiduciary" in legal terms refers to a person who is appointed or delegated by another to act on their behalf. It typically involves an agreement between two parties, where one party holds fiduciary responsibility for the actions taken by the other. The purpose of this arrangement is to ensure that the interests and assets of the fiduciary are protected, and the trust or estate of the person appointed can be managed in a way that protects the beneficiary's interests.