Budget
/ˈbʌdʒɪt/
Definitions
- (n.) An estimate of income and expenditure for a set period.
The government approved the annual budget yesterday.
- (v.) To allocate financial resources for specific purposes.
The department budgeted funds for the new project.
Forms
- budgets
- budgeted
- budgeting
Related terms
See also
Commentary
In legal contexts, clarity in the budget's scope and time frame is essential to avoid disputes over funds allocation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.