Fiduciary

This term is borrowed from the civil law. The Roman laws called a fiduciary heir the person who was instituted heir, and who was charged to deliver the succession to a person designated by the testament. Merlin, Repert. But Poth. ad Pand. vol. 22, says that fiduciarius haeres properly signifies the person to whom a testator has sold his inheritance under the condition that he should sell it to another. Fiduciary may be defined "in trust," "in confidence." A_ generic term embracing all persons acting in a fiduciary capacity.