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单词 Prudent man rule
释义

Prudent man rule

英语百科

Prudent man rule

The Prudent Man Rule is based on common law stemming from the 1830 Massachusetts court formulation, Harvard College v. Amory The prudent man rule directs trustees "to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested."

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