Judgment (noun)

1. The ability to make considered decisions or come to sensible conclusions.
2. The act of judging or the ability to judge a situation or a person.
3. The process or act of evaluating or the result of such an evaluation.

Origin:

Middle english jugement, from old french, from latin iūdicium, from iūdex judge.

Examples:

1. The judgment of the court was that the defendant was guilty.
2. She had a keen judgment and was able to spot a good investment.
3. He passed judgment on the behavior of his peers.
4. He had a good judgment about people.
5. She passed judgment on his clothes.