Aside from its usual general meaning of carefulness in judgment and decision making, prudenceAside from its usual general meaning of carefulness in judgm... particularly refers to caution in commercial/financial/economic riskIn business, especially insurance, the amount of money a com... taking, and to the typically great caution exercised by financial folk (accountants and bankers notably) in planning, budgeting, forecasting, granting loans, extending creditAn arrangement in which an item for sale is received by the ..., defining standards and policies, and accounting practice as a whole, etc.
