prudence

  

Definition

Good judgment or wisdom gained from experience and knowledge, expressed in a realistic and frugal attitude. Prudence, however, is not the same as grave caution or wariness concerned only with preserving the status quo. If there is no real cause for fear, prudence lies in avoiding excessive deliberations and in the readiness to sacrifice today's gain for tomorrow's greater gain.

Related Videos




http://www.businessdictionary.com/definition/prudence.html

Mentioned in these terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z