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.
As of July 2014, the market cap for Fiduciary/Claymore MLP Opportunity Fund (FMO) is $935,316,682.17.
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.
Corporate fiduciary duties demand that the "fiduciary," (who is given legal control over funds), establishes a "standard of care" that rejects normal self interest for the benefit of the corporation's finances. The fiduciary must not take advantage of or betray the confidence of the entrusting parties.
Loyalty
fidicuary vs non fidicuary?
Yes.
The symbol for Fiduciary/Claymore MLP Opportunity Fund in the NYSE is: FMO.
Fiduciary/Claymore MLP Opportunity Fund (FMO)had its IPO in 2004.
As of July 2014, the market cap for Fiduciary/Claymore MLP Opportunity Fund (FMO) is $935,316,682.17.
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.
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.
Yes, you could be prosecuted. It is a crime to breach the fiduciary duty of a trustee.
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.
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.
It is an adjective or a noun. A fiduciary (noun) is a person who acts in a fiduciary (adjective) capacity.
fiduciary and trustee
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.