TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

AMERICAN RULE [1 record]

Record 1 2011-01-19

English

Subject field(s)
  • Banking
DEF

Investment standard for trusts and fiduciary investments. The rule also called the "American rule", originated in an 1830 court case. It states that trustees are free to make investment decisions, applying the same standards - reasonable income and preservation of capital - that a prudent man would use.

French

Domaine(s)
  • Banque
DEF

Normes de placement imposées aux institutions financières dans l'exercice de leurs pouvoirs de prêts et de placements. Elles doivent agir comme le ferait en pareilles circonstances une personne prudente et raisonnable, avec honnêteté et loyauté dans le meilleur intérêt des actionnaires, des déposants et, le cas échéant, des bénéficiaires.

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
DEF

Principio que permite a un fideicomiso efectuar inversiones fuera de la lista legal.

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