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What does prudence mean?

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

Noun
  1. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.
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Fiscal prudence from politicians might sound like an electioneering mantra to some, but its a badge of honour to me.
But however many millions it may cost to support the monarchy in all its pomp, the Queen sets a shining example of thrift and prudence.
The earlier signals which hinted at the emergence of fiscal prudence, quickly faded out.
They must also possess deep political prudence, founded on an appreciation of ancient history as well as modern affairs.
Had their share of business activity been greater, their increase in thriftiness and prudence might have deepened or prolonged the recession.
The common proverbial maxims of prudence, being founded in universal experience, are perhaps the best general rules which can be given about it.

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