budget surplus

budget surplus definition - business

budget surplus

The amount by which revenues exceed expenditures for a specific period. A government can utilize a surplus to retire outstanding debt. A surplus by individuals and families can be used to pay down debt or accumulate savings. Compare budget deficit.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.