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.
prudence is in the Corporate, Commercial, & General Law subject.
prudence appears in the definitions of the following terms: duties of directors, prudent risk management and duties of trustee
prudence appears in the other term: prudence concept
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