BUDGETARY DEFICIT Definition

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BUDGETARY DEFICIT occurs when expenditures are greater than revenues.

Learn new Accounting Terms

DATA FIXATION, in behavioral accounting, is a compulsive preoccupation to focus only upon the numbers without looking beyond for the meaning behind the results themselves.

ARREARS is an unpaid overdue debt, or the state of being behind in payments, e.g. an account in arrears.

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