👉 In accounting, a "fiduciary" refers to an individual who holds office in a financial institution or other business entity and is required to act in a manner that reflects the best interests of all parties involved. This may include ensuring compliance with laws, regulations, and ethical standards, as well as making decisions that are fair, just, and consistent with the interests of the company's shareholders, creditors, employees, customers, and other stakeholders. Fiduciaries often have a fiduciary duty
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What is the definition of Fiducial? 🙋
👉 A fiducial is a figure or symbol used in mathematics to represent a given number. In mathematics, a fiducial is a number that represents a particular mathematical relationship between two numbers. For example, if we have two numbers, 3 and 5, the fiducial representing them would be "5/3" because it represents the relationship between these two numbers as they are equal to each other when multiplied by 3. In geometry, fiducials are used to represent various
