Prudent management definition

Prudent management. ' means the standard of care that would be observed by a prudent person dealing with the property of another.
View Source

Examples of Prudent management in a sentence

  • Prudent management of the District includes the adoption of appropriate goals, objectives, policies and guidelines for the investment of available funds.

  • Prudent management practices will be deemed to require competitive bidding only where customary and where there are at least two qualified responsive bidders.

  • Prudent management and boardmonitor compliance with internal policies and maintain reports ofall exceptions to policy.

Related to Prudent management

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Exit Management means the obligations and rights of the Parties to ensure a smooth transition of the Framework from the Contractor to the Authority or any Replacement Contractor as set out in Clause 44 (Exit Management) and Schedule 8 (Exit Management).

  • Load Management means a Demand Resource (“DR”) as defined in the Reliability Assurance Agreement.

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Emergency management means lessening the effects of, preparations for, operations during, and recovery from natural, technological or human-caused disasters. These actions are broad in scope and include, but are not limited to: disaster plans, mitigation, preparedness, response, warning, emergency operations, training, exercising, research, rehabilitation, and recovery activities.