prudence
n. uncountable C1 Advanced US //ˈpɹudəns// UK //pɹˈuːdəns// pru·dence
n. the quality of being careful and making wise decisions to avoid risks. It means thinking about the future before you act.
n. the ability to govern and discipline oneself by the use of reason; sagacity or shrewdness in the management of affairs. Often associated with financial or political caution.
She showed great prudence by saving her money for a rainy day.
The board exercised financial prudence by cutting unnecessary costs before the economic downturn began.
While some viewed his hesitation as a lack of resolve, his supporters argued it was a necessary act of political prudence in a volatile climate.
Usage
Frequently paired with the verb 'exercise' or 'show'.