Business terms and jargon explained. Your business dictionary

What is Prudent

This is used to describe actions, which are careful. This where an individual acts on the side of caution and does not take unnecessary risks. Business is risk, but not all decisions have to be made recklessly. Where you can be prudent and minimise your risks it is advised to do so if the monetary gain does not weigh up with the risks. This is the safe option.

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Term created / updated 2006-09-04 11:47:53

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