Definition of budget surplus
: more money than is needed to pay for planned expenses The state currently has a $3 million budget surplus.
Word by Word Definitions
: a usually leather pouch, wallet, or pack
: its contents
: stock, supply
: suitable for someone whose is following a plan for coordinating resources and expenditures : suitable for one on a budget (see 1budget) : inexpensive
: the amount that remains when use or need is satisfied
: an excess of receipts over disbursements
: the excess of a corporation's net worth over the par or stated value of its stock
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