Pronunciation: (buj'it), [key]
—n., adj., v., -et•ed, -et•ing.
1. an estimate, often itemized, of expected income and expense for a given period in the future.
2. a plan of operations based on such an estimate.
3. an itemized allotment of funds, time, etc., for a given period.
4. the total sum of money set aside or needed for a purpose: the construction budget.
5. a limited stock or supply of something: his budget of goodwill.
6. Obs.a small bag; pouch.
reasonably or cheaply priced: budget dresses.
1. to plan allotment of (funds, time, etc.).
2. to deal with (specific funds) in a budget.
to subsist on or live within a budget.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.