conservatism(redirected from ultraconservatism)
Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
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
prudencesee ACCOUNTING CONCEPTS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson