Definitions for today:
Budget: Noun –
· an estimate, often itemized, of expected income and expense for a given period in the future.
· a plan of operations based on such an estimate.
· an itemized allotment of funds, time, etc., for a given period.
· a useful and desirable thing or quality: Organizational ability is an asset.
· a single item of ownership having exchange value: Our summer home is an asset we’re not willing to sell.
(in intelligence) a person followed or spied upon to obtain information: as a participant in an operation, an asset may be consenting, forced, as by blackmail, or unaware of being used: It was a catalog of virtually every CIA asset within the Soviet Union.
Liability: Noun- plural li·a·bil·i·ties. liabilities
· moneys owed; debts or pecuniary obligations (opposed to assets).
· Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital.
· something disadvantageous: His lack of education is his biggest liability.
· Also li·a·ble·ness. the state or quality of being liable: liability to disease.
· the management of revenues; the conduct or transaction of money matters generally, especially those affecting the public, as in the fields of banking and investment.
· finances, the monetary resources, as of a government, company, organization, or individual; revenue.
· of or relating to the public treasury or revenues: fiscal policies.
· of or relating to financial matters in general.
(in some countries) a prosecuting attorney.
Philately. a revenue stamp.
· the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses.
· the government department charged with the collection of such income.
revenues, the collective items or amounts of income of a person, a state, etc.
the return or yield from any kind of property, patent, service, etc.; income.
an amount of money regularly coming in.
a particular item or source of income.
Allotment: Noun- · the act of allotting.
· a portion or thing allotted; a share granted.
(in U.S. military use) the portion of pay that an officer or enlisted person authorizes to be paid directly to another person, as a dependent, or an institution, as an insurance company.
British. a plot of land rented to a gardener.
· the act of appropriating or taking possession of something, often without permission or consent. · anything appropriated for a special purpose, especially money.
· an act of a legislature authorizing money to be paid from the treasury for a specified use.
the money thus authorized: a large appropriation for aid to libraries.
· the act of allocating; apportionment. · the state of being allocated. · the share or portion allocated.
Accounting. a system of dividing expenses and incomes among the various branches, departments, etc., of a business.
Fiscal year: Noun-
· any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.