Related Words

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

Face Balanced: A method of weighting a putter so that when the shaft is balanced on the finger the face points generally upward

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.

Consolidated Omnibus Budget Reconciliation Act (COBRA): A federal act which requires each group health plan to allow employees and certain dependents to continue their group coverage for a stated period of time following a qualifying event that c . . . View Full Definition

Cash Budget: Refers to the accounting method that recognizes revenues and expenses when cash is actually received or paid out.

Balanced: This is a difficult term. When tasting coffees for defects, professional tasters use the term to describe a coffee that does not localize at any one point on the palate: in other words, it i . . . View Full Definition

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.

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.

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