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.

Advertisement




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
https://payrollheaven.com/define/conservatism/
Modern Language Association (MLA):
Conservatism. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/conservatism/.
Chicago Manual of Style (CMS):
Conservatism. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/conservatism/ (accessed: April 06, 2020).
American Psychological Association (APA):
Conservatism. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/conservatism/

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