Prudence definition

Prudence. “Prudent”
Prudence means a standard of judgment, management, and action which is reasonable under the circumstances based on what was known or should have been known at the time a decision was made or action was taken. Prudence implies a standard or duty of care owed to others. In cases where the risk of harm to public safety or economic risk to ratepayers is high, the duty of care is correspondingly high.
Prudence. , means “caution in managing one’s activities to avoid undesirable consequences1”. Zincara has interpreted this to mean that for the project to be prudent, the decision is made on the basis that it is timely for the project to proceed to rectify ongoing safety and reliability issues.

Examples of Prudence in a sentence

  • Prudence will recognize such factors as the level of sophistication of the student(s) involved and the relevance at the moment of the matter(s) being discussed and/or its relevance to the educator’s subject field.

  • If the bargaining unit member employed as the Prudence Island Public Safety Officer (PIPSO) is not a graduate of the Rhode Island Municipal Police Academy (Academy), the PIPSO shall be paid at a rate of 80% of the of the annual salary paid to the rank of Senior Patrolman, pursuant the terms of the Collective Bargaining Agreement (CBA) between the Town of Portsmouth and IBPO, Local 302, and any successor CBA thereto, plus an additional two thousand dollars ($2,000.00).

  • Contractor Shall Exercise Economic Prudence Contractor shall make every effort to exercise economic reasonableness in all expenditures involved in the delivery of services under this Agreement.

  • At any time during this agreement an expansion of current service is required, the parties agree that the current minimum staffing levels are only inclusive of the current response area of mainland Portsmouth and does not include Prudence Island.

  • In its 2001 decision in the MOX case, the ITLOS did not find it necessary to prescribe provisional measures, yet it stated that: Prudence and caution require that Ireland and the UK cooperate in exchanging informa- tion concerning risks or effects of the operation of the MOX plant and in devising ways to deal with them, as appropriate.73 It is seen that, although the ITLOS employed ‘prudence and caution’ in all three cases, the consideration of prudence and caution had different effects in each case.

  • Prudence dictates that the precise locations of their nests and favored roost sites not be disclosed in this document.

  • Prudence - The City investment officials shall act as a fiduciary subject to the Prudent Investor Standard.

  • The Parties agree that they are required to provide reasonable accommodations for persons with disabilities in order to comply with the provisions of the Americans with Disabilities Act and the Fair Employment and Housing Act, as amended by the Prudence ▇▇▇ ▇▇▇▇▇▇▇ Act.

  • DATE OF ISSUE July 3, 2019 DATE EFFECTIVE August 2, 2019 ISSUED BY ▇▇▇▇▇▇▇ ▇▇▇▇▇ President St. Louis, Missouri Prudence reviews of the costs subject to this FAC shall occur no less frequently than every eighteen months, and any such costs which are determined by the Commission to have been imprudently incurred or incurred in violation of the terms of this rider shall be returned to customers.

  • Prudence is to be determined under the standards contained in New Hampshire law pursuant to procedures that the parties will establish in the definitive agreement.


More Definitions of Prudence

Prudence. - the ability to fit the means to the end, - "a well-developed sense of values," - understanding which things are truly more important, more valuable, and which are less so, - "serenity", - oeing unruffled by changing circumstances, - "and sovereignity over the world," -
Prudence means being careful in the way a conservator
Prudence means linking action, knowledge, foresight and reflection;
Prudence. , explaining clearly what it means.
Prudence. We exercise sound judgment and take responsibility for our actions.

Related to Prudence

  • Prudent means economically and otherwise reasonable in light of the social benefits to be derived from the proposed regulated activity provided cost may be considered in deciding what is prudent and further provided a mere showing of expense will not necessarily mean an alternative is imprudent.

  • Degree means: An award conferred at the Associate level or higher by an institution as official recognition for the successful completion of a program of studies. (Based on IPEDS definition.)

  • Standard of Care has the meaning set forth in Section 14.1.

  • Care as provided in this section applies to the individual with the covered health condition;

  • Reasonable Commercial Efforts means, with respect to the applicable obligation of the Company, reasonable commercial efforts for similarly situated, publicly-traded companies.