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Definition of prudent man rule - 2 dictionary results
Investment Best Practices
Independent, actionable information for institutional investors
www.FiduciaryX.com
Financial Dictionary

prudent man rule

A federal and state regulation requiring trustees and portfolio managers to make financial decisions in the manner of a prudent man, that is, with intelligence and discretion. The prudent man rule requires care in the selection of investments but does not limit investment alternatives. See also investment-grade, legal list.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Investment Best Practices
Independent, actionable information for institutional investors
www.FiduciaryX.com
Legal Dictionary

Main Entry: prudent man rule
Function: noun
: 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 investments called also prudent person rule —compare LEGAL LIST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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