Business / Taxes / Prudent Man Rule: The prudent man rule is the basic standard a fiduciary, who is responsible for other people’s money, must meet. It mandates acting as a thoughtful and careful person would, given a particular set of circumstances. A trustee, for example, observes the prudent man rule by preserving a trust’s assets for its beneficiaries. The prudent man rule has sometimes been described as a defensive approach to money management, putting greater emphasis on preservation than on growth. The newer prudent investor rule differs by putting greater emphasis on achieving a reasonable rate of return and by delegating decision-making to investment professionals.
Man Adjective Synonyms: gentleman, male, fellow, guy, chap, bloke, squire, gink, geezer, gazabo
Man Noun Synonyms: staff, people, crew, cover
Prudent Noun Synonyms: careful, cautious, discreet, discerning, wise, sage, sagacious, politic, judicious, discriminating, sensible, reasonable, canny, shrewd, cautious, circumspect, watchful, vigilant, heedful, wary, attentive, alert, guarded
Rule Verb Synonyms: regulation, order, law, ordinance, ruling, decree, ukase, statute, principle, direction, guide, guideline, precept
Rule Noun Synonyms: direct, guide, manage, control, lead, head (up), preside (over), superintend, oversee, supervise, regulate, govern, run
Business / Human Resources (HR) / Participative Management: A management style, developed by Motorola, that involves employees in the decision-making process. MORE
Business / Finance / Passive Investment Management: Buying a well diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities. MORE