BUDGETING

Noun

budgeting (countable and uncountable, plural budgetings)

The activity of constructing a budget.

Verb

budgeting

present participle of budget

Source: Wiktionary

BUDGET

Budg"et, n. Etym: [OE. bogett, bouget, F. bougette bag, wallet, dim. of OF. boge, bouge, leather bag. See Budge, n., and cf. Bouget.]

1. A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions.

2. The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries. To open the budget, to lay before a legislative body the financial estimates and plans of the executive government.

Source: Webster’s Unabridged Dictionary 1913 Edition

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