Examlex
If you wanted to determine how deep a rock layer was below a particular point on the surface, what type of figure would be most useful?
Prudent Person
A legal standard used to represent the hypothetical individual who exercises average care, skill, and judgment in decision-making, serving as a comparative standard in legal and financial fields.
Discretionary Investment Power
The authority given to a person or entity to make investment decisions on behalf of another without needing express consent for each decision.
Conservative Debt Securities
Investment vehicles such as bonds or debentures that are considered lower-risk due to stable income features and the issuer's strong financial position.
Prudent Person
A legal standard requiring individuals to act with the care, diligence, and wisdom that a reasonable person would exercise under similar circumstances.
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