ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SPENDING LEVEL Definition
SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.
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FIXED FEE is a set price for the completion of a project. It is easier for the customer to budget, but provides higher risk for the contractor due to cost overruns.
RESERVE is an accounting entry that properly reflects contingent liabilities.