budget

Definition

Estimate of costs, revenues, and resources over a specified period, reflecting a management's reading of future financial conditions. 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.

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budget is...

... in the Accounting & Auditing, Entrepreneurship, Management, & Small Business and Planning & Scheduling subjects.
... an essential investing term.

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