By Bernard W. Dempsey S.J.*
Prudence is a virtue of the intellect by which we know in any current business what is proper and what is not.
Prudence demands such care and diligence as the condition of person and the importance of the business require; for it is part of prudence to consider all the circumstances and all the things necessary to the intended end, and to apply them in a suitable manner, place and time (Bernard W. Dempsey, S.J., Interest and Usury, American Council on Public Affairs, Washington, D.C., 1943, p. 145).
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