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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
However, it does not appear to go far enough to enable the reader to assess either the level of prudency or otherwise in the assumptions, or the headroom margin.
Accounting experts said that the subjectivity of prudency reserves makes them susceptible to abuse.
In 2001, when prices and volumes declined, the prudency reserve would also have been adjusted downward.
Years of prudency and fundraising saw the committee stack up a sum of pounds 45,000, which has recently been put towards Long.
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.
Tony's appointment will greatly contribute towards strengthening the society's strategic position to allow it to confront these challenges with proficiency and prudency.

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