prudence

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TERM OF THE DAY prudence 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 thereadiness to sacrifice today's gain for tomorrow's greater gain. Learn more about this term Usage Example The CEO demonstrated his prudence by offering decisive and actionable feedback to his team. Source: BusinessDictionary.com