MLchartDataset catalogue

Prudence

Term · Law · MLC-T-LAW-004002

The exercise of sound judgment and caution in managing affairs, particularly financial or legal matters. It involves acting with care, skill, and diligence that a reasonable person would employ in similar circumstances. This standard is often applied to fiduciaries, such as trustees or corporate directors, in their decision-making.

Table 1. Record
IdentifierMLC-T-LAW-004002
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004002",
  "term": "Prudence",
  "field": "Law",
  "definition": "The exercise of sound judgment and caution in managing affairs, particularly financial or legal matters. It involves acting with care, skill, and diligence that a reasonable person would employ in similar circumstances. This standard is often applied to fiduciaries, such as trustees or corporate directors, in their decision-making.",
  "url": "https://mlchart.com/terminology/law/prudence/"
}

Record 4,051 of 5,441 in Law terminology (MLC-0107). Request the full dataset.