| Prudent-Man Rule | ||
| The standard under which the fiduciary must act. The fiduciary is required to act "with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims." | ||
| Continue to next term in the glossary. |
![]() |