English Lexicon

Budget

/ˈbʌdʒ.ɪt/
nounCEFR B1 (Intermediate)Top #500 frequency
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Comprehensive Definitions & Senses

1 sense
As noun
  1. 1

    An estimate of income and expenditure for a set period of time.

    "The company needs to cut costs to stay within budget."

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Linguistic Origin & Historical Etymology

The term 'budget' originates from the Middle English word 'boget', which referred to a small bag or pouch. This was derived from the Old French 'bougette', a diminutive of 'bouge', meaning 'bag'. Over time, the meaning evolved to refer to a financial plan, as it was common to carry financial documents in bags.

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