Difference between revisions of "Obligations- U.S. Government"
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| − | Binding agreements that will result in outlays, immediately or in the future. Budgetary resources must be available before | + | Binding agreements that will result in outlays, immediately or in the future. Budgetary resources must be available before [[obligation]]s can be incurred legally. Un-liquidated [[obligation]]s should be reviewed regularly and those not likely to require payment should be de-obligated. |
[[category:United States Government]] | [[category:United States Government]] | ||
Revision as of 05:46, October 24, 2007
Binding agreements that will result in outlays, immediately or in the future. Budgetary resources must be available before obligations can be incurred legally. Un-liquidated obligations should be reviewed regularly and those not likely to require payment should be de-obligated.