Prudent-Person Rule — A legal maxim restricting the discretion in a client s account to investments that a prudent person seeking reasonable income and preservation of capital might buy for his or her own portfolio. Also called the prudent man rule . This rule is… … Investment dictionary
prudent man rule — n: 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… … Law dictionary
prudent man rule — /ˌpru:d(ə)nt mæn ru:l/ noun a rule that trustees who make financial decisions on behalf of other people should act carefully (as a normal prudent person would) … Dictionary of banking and finance
Prudent Expert Act — A measure contained in section 404(a)(1)(B) of the Employee Retirement Income Security Act (ERISA) that requires the fiduciary of a defined contribution retirement plan to use care, skill, prudence and diligence , and to act in the same way that… … Investment dictionary
Business judgment rule — The business judgment rule is an American case law derived concept in Corporations law whereby the directors of a corporation . . . are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona … Wikipedia
safe investment rule — A rule applied in the computation of the present worth of a decedent s expected future earnings. Under the so called safe investment rule, the jury, in determining the present value of the decedent s expected future earnings, should use that rate … Ballentine's law dictionary
Information security — Components: or qualities, i.e., Confidentiality, Integrity and Availability (CIA). Information Systems are decomposed in three main portions, hardware, software and communications with the purpose to identify and apply information security… … Wikipedia
Dummy Director — A person on a company s board of directors who votes and acts on the wishes of a non board member. Dummy directors are most commonly used when a private company is in the process of going public, and it needs to establish a board of directors… … Investment dictionary
Pensions (IORP) Directive — England, Scotland, Wales directive 2003/41/EC of the European Parliament and of the Council of the European Union dated 3 June 2003 on the activities and supervision of institutions for occupational retirement provision. It is a first step to… … Law dictionary
Pensions Directive — England, Scotland, Wales directive 2003/41/EC of the European Parliament and of the Council of the European Union dated 3 June 2003 on the activities and supervision of institutions for occupational retirement provision. It is a first step to… … Law dictionary
