BUDGET DEFICIT Definition

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BUDGET DEFICIT is usually the difference between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries.

Learn new Accounting Terms

TAXABLE EQUIVALENT YIELD is the yield that must be received on a taxable security to provide the holder with the same after-tax return as that earned on a tax-exempt bond or preferred stock.

BOOK-TAX DIFFERENCE is pretax book income minus tax net income.

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