When and Where I Found It: Last night while watching the $100,000 finale of America's Funiest Home Videos, Tom Bergeron made the comment: "We would feel bad if we gave away all this money without providing a little fiduciary advice." The video clips that followed showed what people could do with $100,000 if they won the vote for the funniest home video. One of the nominees included buying "a boat... or two" which showed a man misguiding his sailboat into a dock and then reflecting off into another sailboat, stern first.
Meaning: According to Merrian-Webster's online dictionary, Fiducaiary (n, adj) is "relating to, or involving a confidence or trust: depending on public confidence for value or currency."
This definition can be found at: http://www.merriam-webster.com/dictionary/fiduciary
Level of Familiarity: I had never heard of this word before.
Do I Want to Know This Word Well? I would like to know this word. One reason being so I can understand the joke Tom was making when he talked about "fiduciary advice." Another reason is to be able to use this word in a conversation with my father when he starts handing out suggestions of what I should be doing with my money. The first reason is a much more humerous occasion than the second.
Do I Want Others to Know this Word Well? Who and Why? I do want others to know this word well. Any person who is in the business field should be competent in understanding the definition of this word and be able to use it logically in a conversation. This will allow them to sound knowledgeable about the business world as they have discussions with co-workers and clients. For my fellow literacy students, I think this word would be beneficial to know when dealing with your own personal finances. Anyone from human resource directors to personal tax accountants may use this word while giving advice. I know from my own personal experience, understanding "business talk" can be a complicated process. Any additional vocabulary words under my belt will only help!
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