Budget Violation
/ˈbʌdʒɪt vaɪˈoʊleɪʃən/
Definitions
- (n.) An act of failing to adhere to the financial plans or limits set forth in an approved budget within a legal or governmental context.
The agency was cited for a budget violation due to overspending on approved projects.
Forms
- budget violation
- budget violations
Related terms
See also
Commentary
Typically used in public or organizational finance law, indicating noncompliance with fiscal constraints and potentially leading to audits or penalties.
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.