Budget

Business / Human Resources (HR) / Budget: A numerical summary of an organization’s available resources and how those resources are to be allocated based on anticipated future expenditures for various items, such as equipment, training and development programs, benefits, implementing new processes or services, etc.

Balanced Budget

Business / Finance / Balanced Budget: A budget in which the income equals expenditure. See: budget. MORE

Zero-Based Budgeting

Business / Human Resources (HR) / 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 prepared and res MORE

Zero Based Budget (ZBB)

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

Budgeting

Business / Finance / 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 are shown MORE

Zero-Base Budgeting (ZBB)

Business / Finance / 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. MORE

Budget Loan

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

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