answersLogoWhite

0

What is fiduciary fund?

Updated: 4/28/2022
User Avatar

Wiki User

9y ago

Best Answer

A fiduciary fund is used to account for funds or assets that are held in trust by the government. These funds or assets are held for individuals or other entities.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is fiduciary fund?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is an agency fund a fiduciary fund?

Yes.


What is the symbol for Fiduciary Claymore MLP Opportunity Fund in the NYSE?

The symbol for Fiduciary/Claymore MLP Opportunity Fund in the NYSE is: FMO.


In what year did Fiduciary Claymore MLP Opportunity Fund - FMO - have its IPO?

Fiduciary/Claymore MLP Opportunity Fund (FMO)had its IPO in 2004.


What is the market cap for Fiduciary Claymore MLP Opportunity Fund FMO?

As of July 2014, the market cap for Fiduciary/Claymore MLP Opportunity Fund (FMO) is $935,316,682.17.


How should governments report fiduciary fund balance and income in government-wide statements?

You do not report Fiduciary Funds in a Government wide report. They do not track business activity. You just need to keep a statement of Fiduciary net assets for business information but this is not reported.


What are governmental fiduciary funds?

Fiduciary funds are those used to account for funds held by the government in trust for others that cannot be used to support the government's programs, for example, an employee pension fund.


Can you be prosecuted for spending money from a trust fund?

Yes, you could be prosecuted. It is a crime to breach the fiduciary duty of a trustee.


What is the term for fiduciary responsibility?

Fiduciary responsibility is a term concerning good stewardship of a portfolio, or a trust fund. In the case of many trust funds, a bank is the trustee of the Trust and by the will or contract made between the grantor and in this case a bank, the bank is obligated to exercise good review and proper care of the contents of the trust. Taxes are often part of the fiduciary responsibility.


How do you obtain funds that are deposited in a fiduciary account?

The fiduciary is the person with the authority to make deposits to and withdrawals from a fiduciary account. If the original fiduciary cannot act a new fiduciary must be appointed.


What part of speech is fiduciary?

It is an adjective or a noun. A fiduciary (noun) is a person who acts in a fiduciary (adjective) capacity.


What is the difference between the trustee and the fiduciary of a trust?

fiduciary and trustee


What is a fiduciary receipt?

Typically, a fiduciary prudently takes care of money for another person. So a "fiduciary receipt" is a document that a person acting in capacity of a fiduciary for another person would get in order to allow an audit of the discharge of their duties - part of a fiduciary account.