Define: Conservatism

UK Accounting Glossary

Definition: Conservatism

Quick Summary of Conservatism

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

What is the dictionary definition of Conservatism?

Dictionary Definition

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


Full Definition of Conservatism


Conservatism FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Conservatism. Payroll & Accounting Heaven Ltd. September 15, 2019
Chicago Manual of Style (CMS):
Conservatism. Payroll & Accounting Heaven Ltd. (accessed: September 15, 2019).
American Psychological Association (APA):
Conservatism. Retrieved September 15, 2019, from website:

Definition Sources

Definitions for Conservatism are sourced/syndicated from:

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