L.S.
Here are some definitions I found; they all seem good:
1. Sound judgment not based on specialized knowledge; native good judgment.
2. sound and prudent judgment based on a simple perception of the situation or facts.
3. the basic level of practical knowledge and judgment that we all need to help us live in a reasonable and safe way
4. equates to the knowledge and experience which most people already have, or which the person using the term believes that they do or should have.