budget: Meaning and Definition of

budg•et

Pronunciation: (buj'it), [key]
— n., adj., v., -et•ed, -et•ing.
—n.
  1. an estimate, often itemized, of expected income and expense for a given period in the future.
  2. a plan of operations based on such an estimate.
  3. an itemized allotment of funds, time, etc., for a given period.
  4. the total sum of money set aside or needed for a purpose: the construction budget.
  5. a limited stock or supply of something: his budget of goodwill.
  6. a small bag; pouch.
—adj.
  1. reasonably or cheaply priced: budget dresses.
—v.t.
  1. to plan allotment of (funds, time, etc.).
  2. to deal with (specific funds) in a budget.
—v.i.
  1. to subsist on or live within a budget.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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