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budget - Meaning and Examples

Meaning of 'budget' (Webster Dictionary)

1 . Budget [ n.]
- A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions.
- The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries.

Meaning of 'budget' (Princeton's WordNet)

1 . budget [ n]
Meaning (1):
- a sum of money allocated for a particular purpose
Example in sentence:
  • the laboratory runs on a budget of a million a year
Meaning (2):
- a summary of intended expenditures along with proposals for how to meet them
Example in sentence:
  • the president submitted the annual budget to Congress

Nearby Words:

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