prudent man rule

noun

Legal Definition of prudent man rule

: a rule giving discretion to a fiduciary and especially 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

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Cite this Entry

“Prudent man rule.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/prudent%20man%20rule. Accessed 30 Oct. 2020.

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