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.
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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 ?
The ultraconservative groups, however, tend to attract men who are running from sexuality, who often seem to be closeted homosexuals seeking a place to hide from themselves.
Strauss in the 1960s that is now becoming reality." (Her reference was to Hans Josef Strauss, the leader of Germany's Bavarian-based Christian Social Union, whose ultraconservative policies resemble those expressed in the United States by Patrick Buchanan.)
Cairo, Apr 8 ( ANI ): Egypt's ultraconservative Islamist party has put forward a leading Muslim cleric as its presidential candidate.
A Saudi activist says at least five women have been taken into custody accused of defying the men-only driving rule in the ultraconservative Arab kingdom.
For supporting this legislation, Ryan has attracted criticism from ultraconservative groups such as Democrats for Life of America to which he responded, "We're working in Congress with groups that agree with preventative options while [the DELA] is getting left behind.
And I am the gay daughter of an ultraconservative mother and stepfather, the gay daughter of a former Marine, the gay granddaughter of a community dignitary.
The Michigan plan, promoted by ultraconservative foundations and Catholic church officials, would not only lock the state into a goofy voucher plan but also allow the legislature to create a tuition tax credit plan that could devastate the state's finances and public schools.
Thomas and Dobson are ultraconservative on a broad range of religious and and political concerns.
Cairo, Jan 22 ( ANI ): Egyptian Islamist parties have swept the parliamentary polls, with an alliance of ultraconservative Islamists winning about 25 percent of seats, and the Muslim Brotherhood winning about 47 percent of the seats.
There has been little remorse from the Legionaries, with most statements avoiding specifies and suggesting that there were "certain aspects of his life that are very hard to understand, aspects of his life that are not appropriate to the life of a priest." The National Catholic Register, an ultraconservative weekly newspaper owned by the Legionaries, has virtually ignored the subject, apart from running a few newswire stories.
West, the ultraconservative Republican mayor of Spokane, Wash., has for years publicly opposed any law to support gay equality.
Weyrich, a veteran right-wing strategist and ultraconservative Eastern-Rite Catholic, believed a coalition of conservative Protestants, anti-abortion Catholics and other socially conservative Americans could easily dominate the U.S.