conservatism (EN)

noun

noun “conservatism”

1. a political philosophy that favors preserving traditional social institutions and values
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   Many voters are drawn to conservatism because of its emphasis on preserving traditional family values.
2. a cautious or risk-averse approach to change or innovation
   His conservatism made him reluctant to invest in cryptocurrencies.
3. (in accounting) the principle of recording expenses and liabilities as soon as possible, but revenues only when they are assured
   Conservatism in accounting ensures that potential losses are recognized promptly, providing a more accurate financial picture for stakeholders.