conservatism

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Conservatism

The philosophy that what has been done should continue to be done as long as there is not a positive reason to change it. Conservatives may favor class distinctions as natural, or at least not harmful. In modern times, conservatism has become associated with the political right, or the belief that capitalism and the free market tend to best determine how an economy ought to be organized.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

conservatism

or

prudence

see ACCOUNTING CONCEPTS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Saudi Arabia's ruling Al-Saud family founded the modern day kingdom by forging a power sharing agreement with ultra-conservative followers of 18 th century preacher Muhammad ibn Abd Al-Wahhab.
"We have decided that women will participate in the Shura Council as members starting the next term," the king also said in an unexpected move to enfranchise women in the ultra-conservative kingdom.
The rugged borders between restive Yemen and the ultra-conservative kingdom are frequented by drug traffickers.
Hours earlier, mobs of ultra-conservative Muslims had attacked the Virgin Mary Church in the poor district of Imbaba on the opposite side of the Nile.
The play follows the farcical adventures that ensue when Georges' son Jean-Michel brings home his fiance's ultra-conservative parents to meet them.
Number of billionaires (or billionaire couples) who have taken the pledge: 40 (including, among the non-Jews, ultra-Catholic and ultra-conservative Tom Monaghan; Barron Hilton; T.
Daniel Bishop's ultra-conservative programme at the Anglican had the theatrical touch of a single light focused on the altar for the playing of the main theme from the movie, Schindler's List.
The niqab, advocated by ultra-conservative Muslims, "cancels the personality of a woman," he said.
Much-maligned offensive coordinator Jason Garrett will have to ditch his ultra-conservative play-calling if the Cowboys are to improve on their 5-15 record in December games.
The proposal was championed by right wing and ultra-conservative groups.
* Go figure: Nut long after Kelly Ayntte provided her essential endorsement of the ultra-conservative third-party candidate in New York's 23rd C.D.

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