prudent man rule

English

Noun

prudent man rule (plural prudent man rules)

  1. (law, finance) A standard for the duty of a fiduciary with responsibility over investments.
    • 2005, World Bank with International Monetary Fund, Financial sector assessment: a handbook, page 455:
      Prudent man rules also require that greater financial and legal responsibility be attached to any imprudent action by corporate officers.

Quotations

  • For quotations using this term, see Citations:prudent man rule.
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