Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Operating Budget

Updated on 2023-08-29T11:58:58.295240Z

An operating budget is a budget which is prepared in advance for a specific period. It represents the estimation of revenue and expenses of a company. The budget is used to keep track of the various activities such as maintenance operations, payments, employees’ salaries etc.