FIXED CHARGE RATIO Definition

FIXED CHARGE RATIO is calculated: total fixed costs/total expenses.

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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.

GRANTEE is the person or entity to whom property or assets are transferred.

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