Definition of budget

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budg·et    (bjt) KEY 

NOUN:

1. 1. An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them: submitted the annual budget to Congress.
   2. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period: A new car will not be part of our budget this year.
   3. The total sum of money allocated for a particular purpose or period of time: a project with an annual budget of five million dollars.
2. A stock or collection with definite limits: "his budget of general knowledge" (William Hazlitt).
3. Appalachian Mountains A wallet or small pouch.

VERB:
budg·et·ed, budg·et·ing, budg·ets
VERB:
tr.

1. To plan in advance the expenditure of: needed help budgeting our income; budgeted my time wisely.
2. To enter or account for in a budget: forgot to budget the car payments.

VERB:
intr.

To make or use a budget.

ADJECTIVE:

1. Of or relating to a budget: budget items approved by Congress.
2. Appropriate for a restricted budget; inexpensive: a budget car; budget meals.

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ETYMOLOGY:
Middle English bouget, wallet, from Old French bougette, diminutive of bouge, leather bag, from Latin bulga, of Celtic origin; see bhelgh- in Indo-European roots

OTHER FORMS:
budget·ary  (bj-tr) KEY (Adjective), budget·er or budget·eer  (--tîr) KEY (Noun)