Definition of: budget

(buj′it) noun
1. A statement of probable revenue and expenditure and of financial proposals for the ensuing year as presented to or passed upon by a legislative body.
2. A summary of probable income for a given period, as of a family or an individual, with approximate allowances for certain expenditures over that period.
3. A collection or store, as of news, anecdotes, etc.
4. A small sack or its contents; hence, a loose bundle.
— v.t.
1. To determine in advance the expenditure of (time, money, etc.) over a period of time.
2. To put on or into a budget: He budgeted his trip. [<F bougette, dim. of bouge <L bulga leather bag]
— budg·et·ar·y (buj′ə·ter′ē) adjective
— budg′et·er noun