conservatism

conservatism
conservatism con‧ser‧va‧tis‧m [kənˈsɜːvətɪzm ǁ -ɜːr-] noun [uncountable]
1. ECONOMICS unwillingness to take unnecessary risks:

• The company's conservatism extends as well to capital spending.

2. ACCOUNTING the principle of being careful not to state an asset value, profit etc to be bigger, or a loss to be smaller, than it actually might be

* * *

conservatism UK US /kənˈsɜːvətɪzəm/ noun [U]
► the fact of avoiding risks that are unnecessary: »

Banks are no longer thought of as paragons of financial conservatism.

 »

Republican candidates have tried to highlight their fiscal conservatism.

► ACCOUNTING a principle of accounting in which assets or profits are not shown in accounts as greater than they may actually be, and financial losses are not made to seem smaller than they are: »

If a situation arises in which there are two acceptable alternatives for reporting an item, conservatism directs the accountant to choose the alternative that will result in less net income.

→ See also PRUDENCE(Cf. ↑prudence)

Financial and business terms. 2012.

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  • Conservatism — Con*serv a*tism, n. [For conservatism.] The disposition and tendency to preserve what is established; opposition to change; the habit of mind; or conduct, of a conservative. [1913 Webster] …   The Collaborative International Dictionary of English

  • conservatism — index continence, moderation, prudence Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • conservatism — 1835, in reference to the Conservative party in British politics; from CONSERVATIVE (Cf. conservative) + ISM (Cf. ism). From 1840 in reference to conservative principles generally …   Etymology dictionary

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  • conservatism — An everyday notion meaning to ‘preserve’ or ‘keep intact’ which has, at least in Europe and the United States since the nineteenth century, come to be associated with a set of political principles. The major problem in defining the concept is… …   Dictionary of sociology

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