Micawber principle noun2 •The claim that financial surplus is success and debt is failure.The Micawber principle—it is not the level of income and outgo but their relationship that matters—is essential to budgeting. — 1992 •The claim that something good will turn up, especially when used to justify optimism.Acting on the Micawber principle of always expecting 'something to turn up,' he is ever on the watch, and the way that at times 'he gets to a catch' is wonderful. — 1863 formsMicawber principles