Uniform Prudent Management of Institutional Funds Act¶
Uniform Law Commission. (2006). Uniform Prudent Management of Institutional Funds Act.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Regenerative Budget
- … to a stock's nominal or apparent yield rather than its true sustainable renewal quietly erodes the principal — the balance can rise in name while its real, load-bearing capacity falls, and a draw that looks balanced can still bleed the stock when renewal is variable or when the draw itself lowers future renewal.
This sourceRequires prudent endowment spending to consider preservation of the fund, inflation, and purchasing power rather than relying on nominal yield alone.
- … to a stock's nominal or apparent yield rather than its true sustainable renewal quietly erodes the principal — the balance can rise in name while its real, load-bearing capacity falls, and a draw that looks balanced can still bleed the stock when renewal is variable or when the draw itself lowers future renewal.
Verification¶
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Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.
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Registry ID ref:e18f6a1e7c7a · see in the full table