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budget
(redirected from Financial act)

   Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Budget
A detailed pro forma schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget.

Budget. A budget is a written record of income and expenses during a specific time frame, typically a year.

You use a budget as a spending plan to allocate your income to cover your expenses and to track how closely your actual expenditures line up with what you had planned to spend.

An essential part of personal budgeting is creating an emergency fund, which you can use to cover unexpected expenses. You also want to budget a percentage of your income for saving and investing, just as you budget for food, housing, and clothing.

Businesses and governments also create budgets to govern their expenditures for a fiscal year -- though like individuals they make regular adjustments to reflect financial reality. And, like individuals, businesses and governments can find themselves in trouble if their spending outpaces their income.


budget

(1) An itemized list of expected income and expenses over a period of time. (2) An estimate of particular monetary needs, such as a capital budget for construction or a development budget for construction and business ramp up to break even.



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Anyone who is seriously committed to getting his or her financial act together can make significant strides by taking advantage of the wisdom of a financial adviser.
Because, according to analysts as well as executives from both companies, Los Angeles-based Spelling has gotten its financial act together, having undertaken a dramatic restructuring that already is increasing revenues and turning red ink into black.
Reluctant to disclose the specifics of her situation, Florence acknowledged to her fiance that she had more debt than she was comfortable with and she was determined to get her financial act together.
 
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