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What does prudency mean?

Looking for the meaning or definition of the word prudency? Here's what it means.

Noun
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Examples
Tony's appointment will greatly contribute towards strengthening the society's strategic position to allow it to confront these challenges with proficiency and prudency.
Accounting experts said that the subjectivity of prudency reserves makes them susceptible to abuse.
But of course we are following this up, enquiring and right now prudency is the best course to follow.
And trading companies can use so-called prudency reserves to protect against market risks, like the inability to exit a trading position at a good price.
Years of prudency and fundraising saw the committee stack up a sum of pounds 45,000, which has recently been put towards Long.
In 2001, when prices and volumes declined, the prudency reserve would also have been adjusted downward.

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