BUDGETING PROCESS Definition

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BUDGETING PROCESS is a systematic activity that develops a plan for the expenditure of a usually fixed resource, such as money or time, during a given period to achieve a desired result.

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CUT-OFF YIELD, in securities, is the yield at which or below which the bids are accepted.

BRADY BONDS were issued by the Mexican government as part of its 1990 debt restructuring. Named after James Brady.

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