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budget |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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[from the outset] and of no legal effect; provided that subject to whatever is contained hereinafter, the said unconstitutional appointment of Dogar as the chief justice of Pakistan shall not affect the validity of any administrative or financial acts performed by him or of any oath made before him in the ordinary course of the affairs of the said office; The agreement has come more than 10 years after it took centre stage in one of the state's murkiest financial acts where several high-profile figures were implicated in a major off-shore tax evasion scandal involving Ansbacher bank in the Caymans. As VAT cannot be wound up and down, due to EU regulations, the obvious excessive consumer control is to alter the deposit levels and also repayment times by simple Financial Act orders. |
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