Define: Conservatism

Business, Legal & 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.


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. April 06, 2020
Chicago Manual of Style (CMS):
Conservatism. Payroll & Accounting Heaven Ltd. (accessed: April 06, 2020).
American Psychological Association (APA):
Conservatism. Retrieved April 06, 2020, from website:

Definition Sources

Definitions for Conservatism are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th August, 2019