conservatism - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “conservatism”

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conservatism

noun [U]
 
 
/kənˈsɜːvətɪzəm/
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
Translations of “conservatism”
in Korean 보수주의…
in Arabic مُحافَظة, تَقليدِيّة…
in Portuguese conservadorismo…
in Catalan conservadorisme…
in Japanese 保守主義…
in Italian conservatorismo…
in Chinese (Traditional) 保守主義,守舊性…
in Russian консерватизм…
in Turkish tutuculuk, muhafazakârlık…
in Chinese (Simplified) 保守主义,守旧性…
in Polish konserwatyzm…
(Definition of conservatism from the Cambridge Business English Dictionary © Cambridge University Press)
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