Related Words

Budget Deficit: A deficit is the gap between spending and revenue and thus the amount that may need to be borrowed.

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.

Flexible Budget: A change in the yield curve when the spread between the yield on long-term and short-term Treasuries has decreased. Compare steepening of the yield curve and butterfly shift.

Federal Deficit (Surplus): Agencies of the federal government set up to supply credit to various classes of institutions and individuals, e.g., S&Ls, small business firms, students, farmers, and exporters.

Attention Deficit Disorder (ADD): A lifelong developmental disability (with onset in infancy, childhood or adolescence) that affects a child's ability to concentrate and control impulses. A child who has ADD is not hyperacti . . . View Full Definition

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

Trade Deficit Or Surplus: Accounts payable.

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

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.

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