Useful english dictionary. 2012.
prudent man rule — n: a rule giving discretion to a fiduciary and esp. a trustee to manage another s affairs and invest another s money with such skill and care as a person of ordinary prudence and intelligence would use in managing his or her own affairs or… … Law dictionary
Prudent man rule — The Prudent Man Rule is based on common law stemming from the 1830 Massachusetts court decision Harvard College v. Armory, 9 Pick. (26 Mass.) 446, 461 (1830). The Prudent Man Rule directs trustees to observe how men of prudence, discretion and… … Wikipedia
Prudent Man Rule — An investment standard. In some states, the law requires that a fiduciary, such as a trustee for pension funds, may invest the trust s or fund s money only in a list of securities designated by the state the so called legal list. In other states … Black's law dictionary
prudent-man rule — A US criterion for managing investments, especially in relation to pensions, that is designed to avoid reckless speculation. It requires that a fiduciary behave as a notional prudent man or woman would when making an investment … Big dictionary of business and management
prudent-man rule — U.S. legal standard for the actions of someone charged with investing funds in trust for others. The administrator of the funds is expected to ask, “Would a prudent man or woman make this investment?” … American business jargon
prudent man rule — /ˌpru:d(ə)nt mæn ru:l/ noun a rule that trustees who make financial decisions on behalf of other people should act carefully (as a normal prudent person would) … Dictionary of banking and finance
Prudent-Person Rule — A legal maxim restricting the discretion in a client s account to investments that a prudent person seeking reasonable income and preservation of capital might buy for his or her own portfolio. Also called the prudent man rule . This rule is… … Investment dictionary
prudent man rule — noun A standard for the duty of a fiduciary with responsibility over investments … Wiktionary
prudent-man rule — A common law standard against which those investing the money of others fiduciaries are judged. Bloomberg Financial Dictionary … Financial and business terms
prudent man — See the ordinary prudent man. prudent man rule. The rule that one taking a negotiable instrument from the payee or prior endorsee is put upon inquiry as to infirmity or defect in the instrument by circumstances calculated to arouse the suspicions … Ballentine's law dictionary
