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

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Page URL
Modern Language Association (MLA):
Conservatism. Payroll & Accounting Heaven Ltd. November 13, 2019
Chicago Manual of Style (CMS):
Conservatism. Payroll & Accounting Heaven Ltd. (accessed: November 13, 2019).
American Psychological Association (APA):
Conservatism. Retrieved November 13, 2019, from website:

Definition Sources

Definitions for Conservatism are sourced/syndicated from:

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