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Term of the Day
BusinessDictionary.com
budget estimate
Definition
Approximation of the
cost
of an
activity
,
job
,
program
or
project
, prepared for
budgeting
and
planning
purposes only. Not
accurate
enough to
provide
a basis for a
firm commitment
, it
represents
only the
budget
maker's
understanding of the
scope
and
expense
of what
needs
to be done.
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