Ballentine's law dictionary. Anderson, W.S.. 1998.
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
the ordinary prudent man — The standard man; the average prudent individual; the reasonable and prudent man or the careful and diligent man. An abstract man of ordinary mental and physical capacity, but an ideal man in the sense that his conduct is in every case the gauge… … Ballentine's law dictionary
ordinary prudent man — See the ordinary prudent man … Ballentine's law 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
