n. the requirement that a trustee, investment manager of pension funds, treasurer of a city or county, or any fiduciary (a trusted agent) must only invest funds entrusted to him/her as would a person of prudence, i.e. with discretion, care and intelligence. Thus solid "blue chip" securities, secured loans, federally guaranteed mortgages, treasury c...
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http://dictionary.law.com/Default.xhtml?selected=1671
The Prudent Man Rule is based on common law stemming from the 1830 Massachusetts court formulation, Harvard College v. Amory The prudent man rule directs trustees `to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds, consideri....
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http://en.wikipedia.org/wiki/Prudent_man_rule
A common law standard against which those investing the money of others fiduciaries are judged.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm
It is a rule which directs the trustees or fund managers to invest the funds in the securities in which any level headed, prudent man who desires to make reasonable profit from his/her investment, will be intersted in.
Found on
http://www.encyclo.co.uk/local/21213
A common law standard against which those investing the money of others (fiduciaries) are judged.
Found on
http://www.encyclo.co.uk/local/22402
An investment standard. In some US states, the law requires that a fiduciary, such as a trustee, may... <a target=_blank href='http://www.finance-glossary.com/terms/prudent-man-rule.htm?id=2121&ginPtrCode=00000&PopupMode=false' title='Read full definition of prudent man rule'>more</a>
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No exact match found.
