Financial Self-Sufficiency
/ˌfaɪnænʃəl sɛlf səˈfɪʃənsi/
Definitions
- (n.) The condition of an entity, often a nonprofit or governmental agency, generating sufficient income to cover all its operating expenses without external financial support.
The nonprofit achieved financial self-sufficiency by increasing its fundraising and cutting costs.
Forms
- financial self-sufficiency
Related terms
See also
Commentary
In legal contexts, financial self-sufficiency is crucial for assessing an entity's ability to meet contractual obligations and maintain compliance without relying on subsidies or grants.
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.