EXPLICITLY Definition

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EXPLICITLY is something fully and clearly expressed, i.e. leaving nothing implied.

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TOTAL LIABILITIES & NET WORTH is the sum of all liability items and Net Worth.

DISCRETIONARY SPENDING consists of US government expenditures that are set on an annual basis. It is a budget that members of Congress can adjust on a yearly basis. Examples of discretionary spending in the United States:

-defense budget
-education
-Environmental Protection Agency
-Department of Veterans Affairs

When looking to cut costs, lawmakers usually look to trimming discretionary spending. See MANDATORY SPENDING.

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