Budget definition: Copy, customize, and use instantly
Introduction
The term "Budget" refers to a financial plan that outlines projected revenues, expenses, and allocations for a specific period. It is essential for managing financial resources, ensuring cost control, and supporting decision-making in contracts, business operations, and government planning.
Below are various examples of how "Budget" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Budget" in corporate finance
This definition ties "Budget" to financial planning within a company.
"Budget" means an estimate of income and expenses over a specified period, used for strategic financial planning and resource allocation.
Definition of "Budget" in project management
This definition connects "Budget" to project cost control.
"Budget" refers to the allocated financial resources for a project, outlining estimated expenditures and funding sources to ensure cost efficiency.
Definition of "Budget" in government finance
This definition links "Budget" to public sector financial planning.
"Budget" means the annual financial plan of a government entity, detailing projected revenues, expenditures, and appropriations for various programs.
Definition of "Budget" in capital expenditures
This definition applies "Budget" to long-term investment planning.
"Budget" refers to the financial allocation for acquiring, maintaining, or improving fixed assets, such as property, equipment, or infrastructure.
Definition of "Budget" in personal finance
This definition ties "Budget" to individual financial planning.
"Budget" means a financial plan that outlines an individual's or household’s expected income, savings, and expenses over a given period.
Definition of "Budget" in nonprofit organizations
This definition connects "Budget" to nonprofit financial sustainability.
"Budget" refers to the planned financial operations of a nonprofit organization, including fundraising targets and program expenditure limits.
Definition of "Budget" in mergers and acquisitions
This definition links "Budget" to corporate transactions.
"Budget" means the projected financial framework for an acquisition, detailing anticipated costs, integration expenses, and expected financial synergies.
Definition of "Budget" in research and development
This definition applies "Budget" to innovation funding.
"Budget" refers to the financial plan allocated for research and development activities, ensuring resources are directed toward innovation and product development.
Definition of "Budget" in marketing strategy
This definition ties "Budget" to promotional spending.
"Budget" means the allocated funds for marketing campaigns, including advertising, branding, and customer acquisition strategies.
Definition of "Budget" in construction projects
This definition connects "Budget" to building and infrastructure planning.
"Budget" refers to the total estimated cost of a construction project, including materials, labor, permits, and contingency funds.
Definition of "Budget" in supply chain management
This definition links "Budget" to logistics and procurement planning.
"Budget" means the planned expenditure for sourcing, transportation, warehousing, and distribution of goods within a supply chain.
Definition of "Budget" in education institutions
This definition applies "Budget" to school and university funding.
"Budget" refers to the financial plan of an educational institution, outlining funding sources and allocations for salaries, facilities, and student programs.
Definition of "Budget" in healthcare management
This definition ties "Budget" to hospital and medical financial planning.
"Budget" means the financial framework for healthcare facilities, covering patient care costs, staffing, equipment, and operational expenses.
Definition of "Budget" in legal case management
This definition connects "Budget" to litigation cost estimation.
"Budget" refers to the anticipated legal fees and expenses associated with a lawsuit, settlement, or arbitration proceeding.
Definition of "Budget" in event planning
This definition links "Budget" to financial control over an event.
"Budget" means the estimated financial resources required for an event, including venue costs, catering, staffing, and entertainment.
Definition of "Budget" in manufacturing operations
This definition applies "Budget" to factory cost management.
"Budget" refers to the planned financial allocation for production costs, machinery maintenance, and workforce management in a manufacturing facility.
Definition of "Budget" in crisis management
This definition ties "Budget" to emergency financial planning.
"Budget" means the financial plan established for responding to crises, including disaster recovery, emergency relief, and business continuity strategies.
Definition of "Budget" in grant proposals
This definition connects "Budget" to funding applications.
"Budget" refers to the detailed financial outline included in a grant proposal, specifying how funds will be used to achieve project objectives.
Definition of "Budget" in entertainment production
This definition links "Budget" to film, television, and media financing.
"Budget" means the total cost estimate for a production, including script development, casting, filming, and post-production expenses.
Definition of "Budget" in military spending
This definition applies "Budget" to defense allocation.
"Budget" refers to the planned expenditures for defense-related operations, including personnel, equipment, research, and infrastructure.
Definition of "Budget" in corporate restructuring
This definition ties "Budget" to financial recovery planning.
"Budget" means the financial plan developed to guide a company through restructuring efforts, ensuring operational efficiency and debt management.
Definition of "Budget" in international development projects
This definition connects "Budget" to global aid financing.
"Budget" refers to the financial framework for international development programs, including infrastructure, education, and healthcare initiatives.
Definition of "Budget" in cybersecurity investments
This definition links "Budget" to IT security funding.
"Budget" means the financial resources allocated to cybersecurity measures, including software, training, and threat mitigation efforts.
Definition of "Budget" in workforce management
This definition applies "Budget" to employee compensation planning.
"Budget" refers to the planned allocation of funds for salaries, benefits, training, and recruitment within an organization.
Definition of "Budget" in tax planning
This definition ties "Budget" to tax liability management.
"Budget" means the structured financial approach to managing tax obligations, deductions, and credits to optimize financial performance.
Definition of "Budget" in renewable energy projects
This definition connects "Budget" to sustainable development financing.
"Budget" refers to the financial plan for investing in renewable energy infrastructure, such as wind, solar, and hydropower projects.
Definition of "Budget" in hospitality management
This definition links "Budget" to hotel and restaurant operations.
"Budget" means the financial plan for managing operating expenses, guest services, and revenue streams in the hospitality industry.
Definition of "Budget" in corporate social responsibility (CSR)
This definition applies "Budget" to sustainability and community investment.
"Budget" refers to the allocated financial resources for CSR programs, including charitable giving, environmental initiatives, and employee engagement.
Definition of "Budget" in political campaigns
This definition ties "Budget" to election funding.
"Budget" means the financial plan for campaign expenditures, including advertising, staff salaries, and voter outreach efforts.
Definition of "Budget" in space exploration
This definition connects "Budget" to aerospace project financing.
"Budget" refers to the financial plan for space missions, including research, spacecraft development, and operational costs.
Definition of "Budget" in business expansion
This definition links "Budget" to scaling operations.
"Budget" means the financial estimate for expanding a business, including new locations, product lines, and market entry strategies.
Definition of "Budget" in crisis response planning
This definition applies "Budget" to disaster preparedness.
"Budget" refers to the financial resources allocated for emergency preparedness and response efforts, including relief aid and recovery operations.
Definition of "Budget" in sports team management
This definition ties "Budget" to athletic organizations.
"Budget" means the financial plan for team operations, including player salaries, training facilities, and travel expenses.
Definition of "Budget" in agricultural finance
This definition ties "Budget" to farming and agribusiness planning.
"Budget" means the financial plan for agricultural operations, covering costs related to equipment, seeds, livestock, and irrigation.
Definition of "Budget" in freelance and gig economy
This definition connects "Budget" to independent work financial management.
"Budget" refers to the planned income and expenses for freelancers and gig workers, ensuring stable earnings and financial security.
Definition of "Budget" in subscription-based businesses
This definition links "Budget" to recurring revenue models.
"Budget" means the projected financial plan for subscription services, detailing income from memberships and associated costs.
Definition of "Budget" in nonprofit grant funding
This definition applies "Budget" to charitable financial structuring.
"Budget" refers to the structured financial estimate used to secure and allocate grant funds for nonprofit programs.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.