Prudent Person Rule definition

Prudent Person Rule means that in making or retaining each and all investments and in acquiring, investing, reinvesting, exchanging, retaining, selling, supervising and managing funds, there shall be exercised the judgment and care, under circumstances then prevailing, that persons of ordinary prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived from the investment;
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Prudent Person Rule means an investment standard commonly used to establish fiduciary responsibility. It gives authority to the investment manager to invest in a security if it is one which would be bought by a Prudent Person of discretion and intelligence who is seeking a reasonable income and the preservation of capital.
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Prudent Person Rule means that in making or retaining each and all investments and in
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Examples of Prudent Person Rule in a sentence

  • This discretionary authority, known as the "Prudent Person Rule", permits the selection of a variety of investments, allowing for diversity in the degree of risk and liquidity.

  • As discussed in detail above, the Legislature passed important major revisions of the laws relating to the investment of the TRS Fund in 1980, 1988 and 1992.These changes resulted in (1) the elimination of the investment restrictions imposed by a "legal list"; (2) the substitution of the "Prudent Investor Rule" for the "Prudent Person Rule"; and (3) the shift of fiduciary responsibility for the TRS Fund to the Alaska State Pension Investment Board.

  • Prudent Person Rule - An investment standard outlining the fiduciary responsibilities of public funds investors relating to investment practices.

  • To obtain a reasonable total rate of return – defined as income plus realized and unrealized capital gains and losses – commensurate with the Prudent Person Rule.

  • While the Prudent Person Rule is the standard of prudence to be used by investment officials who are officers or employees of the I-Bank, any person or firm, including, without limitation, the Investment Advisory Firm, hired or retained to invest, monitor, or advise the I-Bank concerning the Investment Portfolio and the Activitiesshall be held to the higher standard of "PrudentExpert".

  • Investment funds that invest in derivatives must comply with all applicable statutory provisions and regulations, including the Prudent Person Rule and must be invested and managed in accordance with regulatory derivatives best practices.

  • Duty of Care as Articulated in Pertinent Alaska Statutes Prudent Person Rule applicable to private trustees under Alaska law.Section 13.36.200.

  • This policy details the responsibilities that will ensure equity and a consistency in approach to access to services within NHS A&A.

  • SBCERS operates under the "Prudent Person Rule" which authorizes the Board of Retirement, at its discretion, to purchase, hold, or sell any form or type of investment, financial instrument, or enter into any financial transaction when prudent in the informed opinion of the Board.DepositsThe cash balance represents operating cash held by the County Treasurer.

  • This report reviews the main points raised during the discussions.


More Definitions of Prudent Person Rule

Prudent Person Rule means that defined in Wisconsin statutes section 881.01 or its successor as in effect at any given time.
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Related to Prudent Person Rule

  • Controlled unaffiliated business means a company:

  • Dependent person means a person who cannot demonstrate financial independence from parents or persons other than a spouse and who does not meet the criteria for independence established in Section 5 of this administrative regulation.

  • person day means one normal working shift of carrying out construction work by a person on a construction site

  • Affiliated Association means an Association accorded the status of an Affiliated Association under the rules of The FA.

  • Drug-dependent person means a person who is using a

  • Applicable Regional Entity means the Regional Entity for the region in which a Network Customer, Transmission Customer, New Service Customer, or Transmission Owner operates. Applicable Standards:

  • Licensed Independent Practitioner means any individual permitted by law and by the Medical Staff and Board to provide care and services without direction or supervision, within the scope of the individual’s license and consistent with individually granted clinical privileges.

  • Deaf person or "person who is deaf" means any person whose hearing is so severely impaired that the person is unable to hear and understand conversational speech through the unaided ear alone, and who must depend primarily on an assistive listening device or visual communication such as writing, lip reading, sign language, and gestures.

  • Partner Jurisdiction Financial Institution means (i) any Financial Institution established in a Partner Jurisdiction, but excluding any branch of such Financial Institution that is located outside the Partner Jurisdiction, and (ii) any branch of a Financial Institution not established in the Partner Jurisdiction, if such branch is located in the Partner Jurisdiction.

  • Organic rules means the public organic record and private organic rules of an entity.

  • Independent Person means a person appointed under section 28(7) of the 2011 Act;

  • body in which the relevant person has a beneficial interest means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;

  • Ordinarily Resident in Ireland means “Ordinarily Resident in Ireland” as defined in

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Person so Engaged means the person who is engaged by the Owner to co-ordinate and supervise the process of designing, planning, constructing, fitting out, completing and marketing the Development. 「如此聘用的人」指擁有人聘用以統籌和監管發展項目的設計﹑規劃﹑建造﹑裝置﹑完成及銷售的過程的人士。

  • Accepted Servicing Practices With respect to any Mortgage Loan, those mortgage servicing practices of prudent mortgage lending institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located.

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Covered Guest All registered guests and all persons booked to share the same unit of accommodations, and have paid the required plan cost. • "Stay": The stay at an iTrip unit, from the date of a Covered Guest's check-in to the date of check-out.

  • Appraisal management company means a person or entity that (i) administers a network of

  • person resident outside India means a person who is not resident in India;

  • Handyperson means a person who is not a tradesperson and whose duties include the performance of routine repair work and maintenance in and about the employer’s premises.

  • Reasonable and prudent parent standard means the

  • Indigent person means a person whose household income does not exceed the minimum household income as predetermined by the council;

  • non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India;

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.

  • Designated family member means any of the following: