prudent man rule
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English[edit]
Noun[edit]
prudent man rule (plural prudent man rules)
- (law, investment) 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[edit]
- For quotations using this term, see Citations:prudent man rule.