Meaning Of Prudent Man
Amory the prudent man rule written by massachusetts justice samuel putnam 1768 1853 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.
Meaning of prudent man. 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. A prudent manager of money. The prudent man rule is based on common law stemming from the 1830 massachusetts court formulation harvard college v.
Exercising good judgment or common sense. Prudent synonyms prudent pronunciation prudent translation english dictionary definition of prudent. With discretion care and intelligence.
