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budget

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budg⋅et

  [buhj-it] noun, adjective, verb, -et⋅ed, -et⋅ing.
Use budget in a Sentence
–noun
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.
–adjective
7. reasonably or cheaply priced: budget dresses.
–verb (used with object)
8. to plan allotment of (funds, time, etc.).
9. to deal with (specific funds) in a budget.
–verb (used without object)
10. to subsist on or live within a budget.
Origin:
1400–50; late ME bowgett < MF bougette (bouge bag (< L bulga; see bulge ) + -ette -ette )

Related forms:
budg⋅et⋅ar⋅y  [buhj-i-ter-ee] , adjective
budg⋅et⋅er, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Budget Truck Rental
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www.BudgetTruck.com
Budget
Rent a Car for your next trip with Budget. Save Big at Expedia.
www.Expedia.com
budg·et   (bŭj'ĭt)   
n.  

    1. An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them: submitted the annual budget to Congress.

    2. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period: A new car will not be part of our budget this year.

    3. The total sum of money allocated for a particular purpose or period of time: a project with an annual budget of five million dollars.

  2. A stock or collection with definite limits: "his budget of general knowledge" (William Hazlitt).

  3. Appalachian Mountains A wallet or small pouch.

v.   budg·et·ed, budg·et·ing, budg·ets

v.   tr.

  1. To plan in advance the expenditure of: needed help budgeting our income; budgeted my time wisely.

  2. To enter or account for in a budget: forgot to budget the car payments.

v.   intr.
To make or use a budget.
adj.  

  1. Of or relating to a budget: budget items approved by Congress.

  2. Appropriate for a restricted budget; inexpensive: a budget car; budget meals.


[Middle English bouget, wallet, from Old French bougette, diminutive of bouge, leather bag, from Latin bulga, of Celtic origin; see bhelgh- in Indo-European roots.]
budg'et·ar'y (bŭj'ĭ-těr'ē) adj., budg'et·er, budg'et·eer' (-ĭ-tîr') n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Slang Dictionary
budget

  1. mod.
    [of something] of low quality or cheap. : Don't you dare bring back any of that budget pizza!
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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Word Origin & History

budget 
1432, "leather pouch," from O.Fr. bougette, dim. of bouge "leather bag, wallet," from L. bulga "leather bag," of Gaulish origin (cf. O.Ir. bolg "bag," Bret. bolc'h "flax pod"), from PIE *bhelgh- (see belly). Modern financial meaning (1733) is from notion of treasury minister keeping his fiscal plans in a wallet. The verb in this sense is from 1884. Another 18c. transferred sense was to "a bundle of news," hence the use of the word as the title of some newspapers.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

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

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