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.

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Conservatism FAQ's



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Definition Sources


Definitions for Conservatism are sourced/syndicated from:

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

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