prudent man rule

listen to the pronunciation of prudent man rule
English - Turkish
İhtiyatlı bir adam kuralı
(Ticaret) tedbirli insan kuralı
English - English
A standard for the duty of a fiduciary with responsibility over investments
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'