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  • budget

    Related Terms
    An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.

    One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations.

    Use 'budget' in a Sentence

    I did not wanna buy the item because it did not fit my budget and I needed to buy things that were less expensive.
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    To make sure that your spending doesn't get out of control you need to set a strict budget that you always stick to.
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    The budget was set and we could not alter our figures because we were held accountable by the new CEO.
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