budg⋅et
[buhj-it]
noun, adjective, verb, -et⋅ed, -et⋅ing.| 1. | an estimate, often itemized, of expected income and expense for a given period in the future. |
| 2. | a plan of operations based on such an estimate. |
| 3. | an itemized allotment of funds, time, etc., for a given period. |
| 4. | the total sum of money set aside or needed for a purpose: the construction budget. |
| 5. | a limited stock or supply of something: his budget of goodwill. |
| 6. | Obsolete. a small bag; pouch. |
| 7. | reasonably or cheaply priced: budget dresses. |
| 8. | to plan allotment of (funds, time, etc.). |
| 9. | to deal with (specific funds) in a budget. |
| 10. | to subsist on or live within a budget. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Budget
Budg"et\, n. [OE. bogett, bouget, F. bougette bag, wallet, dim. of OF. boge, bouge, leather bag. See Budge, n., and cf. Bouget.]1. A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions. 2. The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries. To open the budget, to lay before a legislative body the financial estimates and plans of the executive government.Cite This Source
budget
Cite This Source
Budget
An estimation of the revenue and expenses over a specified future period of time. A budget can be made for a person, a family or a group of people, a business, government, country or multinational organization or just about anything else that makes and spends money. Budgets are a microeconomic concept that show the tradeoff made when one good is exchanged for another.
Investopedia Commentary
A surplus budget means profits are anticipated a balanced budget means revenues are expected to equal expenses and a deficit budget means expenses will exceed revenue. Budgets are usually compiled and re-evaluated on a periodic basis. Adjustments are made to budgets based on the goals of the budgeting organization. In some cases, budget makers are happy to operate at a deficit, while, in other cases, operating at a deficit is seen as financially irresponsible.
Related Links
Managing Income During Retirement
Understanding The Income Statement
Mortgages: How Much Can You Afford?
The Essentials Of Cash Flow
See also: Capital Budgeting, Cash Budget, Expense, Revenue, Zero Based Budgeting
Cite This Source
Copyright © 2009, Dictionary.com, LLC. All rights reserved.


ɪt