prudent investment

noun

: investment valuation especially for rate-making purposes (as of a public utility) on the basis of original cost subject to adjustment for unwise investment decision as distinguished from cost of reproduction

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now