Prudent Investment
Barron's Accounting Dictionary:
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Prudent Investment
1. investment made prudently and intelligently.Areasonable degree of safety and return are expected.
See also fiduciary.
2. rule that allows an uninstructed trustee considerable discretionary authority to purchase investments of any type that an ordinarily prudent person would find suitable in the case at hand.
| Proxy Fights, Proxy, Provision | |
| Public Accountant (PA), Public Accounting, Public Company Accounting Oversight Board (PCAOB) |
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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