prudent man rule
English
Noun
prudent man rule (plural prudent man rules)
- (law, investment) A standard for the duty of a fiduciary with responsibility over investments.
- 2005, World Bank; 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.
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Quotations
- For quotations of use of this term, see Citations:prudent man rule.