Define: Conservatism

UK Accounting Glossary

Definition: Conservatism


Quick Summary of Conservatism


Sometimes used with a stronger meaning of understating assets and overstating liabilities.


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What is the dictionary definition of Conservatism?

Dictionary Definition


  1. A political philosophy that advocates traditional values.
  2. A risk-averse attitude or approach.

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Full Definition of Conservatism



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Conservatism FAQ's



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This glossary post was last updated: 23rd December 2018.