Related Words

Budget: A list of all your income and expenditure is a budget.

Zero Based Budget (ZBB): Starting a budget at zero and justifying every cost that increases that budget.

Budgeting: The process of determining and recording the expected financial results of a future period, generally the next fiscal year. In some organizations budgeting is limited to financial items that . . . View Full Definition

Zero-Based Budgeting: A budgeting system that starts with no authorized funds as a starting point. In a zero-based budget, each activity or program to be funded must be justified every time a new budget is prepar . . . View Full Definition

Balanced Budget: A budget in which the income equals expenditure. See: budget.

Omnibus Budget Reconciliation Act (OBRA) Of 1990: A federal act which established the Medicare SELECT program, a Medicare supplement that uses a preferred provider organization to supplement Medicare Part B coverage.

Budget Loan: A loan with payments set up to cover taxes and insurance in addition to interest and principal reductions.

Omnibus Budget Reconciliation Act of 1993 (OBRA 93): The first legislation authorizing the FCC to auction spectrum.

Operating Budget: A projection of income and expenses for the operation of a property over a one year period.

Zero-Base Budgeting (ZBB): A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented.