1 the state of being careful in the way you make decisions or spend money so that you avoid unnecessary risks: --
2 the principle of not showing assets or profits to be greater than they might be, or losses to be smaller than they might be, in a company's accounts: --
The prudence principle states that businesses should report their assets and liabilities in the most unfavorable position.
Indeed, as she mentioned earlier, prudence is about right reasoning, in order to apply good means to good ends, not necessarily self-serving ends.
Prudence may direct technique and theory by specifying the realm of their activity + what should be made, what questions investigated.
These situations call for prudence in the use of humanitarian interventions.
This slicing is done before we have determined what prudence requires.
There is a strong etymological connection between prudence and foresight.
I think this is a good starting point for an acceptable theory of prudence.
Handled with prudence, the press can be a prime source not only for political history but for all manner of social history as well.
The last two virtues that the book ascribes to the bourgeoisie and argues to be central for commerce are prudence and justice.
