noun
budget
BUHJ-iht
noun
1
An amount of money set aside for a particular purpose, project, or period of time.
"The school's budget for new computers was cut this year."
"They stuck to a strict monthly budget after paying off their debt."
2
A detailed plan listing expected income and planned spending.
"The finance team presented the annual budget to the board."
adj
1
Inexpensive; designed to be affordable.
"They stayed at a budget hotel near the airport."
verb
1
To plan how money will be spent or allocated.
"We budgeted extra money for unexpected repairs."
How to Use Budget
Learner’s notesIn plain EnglishA plan for how much money is available and how it will be spent.
Common pairings
tight budget
budget cuts
on a budget
balance the budget
Word Forms
budgeted past tense, budgets plural, budgets singular
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The school's _____ for new computers was cut this year.
Etymology
From Middle English "bouget," a small leather bag or pouch, from Old French "bougette" — the word originally meant the pouch a treasurer carried, before shifting to mean the financial plan itself.