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 [[obligation]]s can be incurred legally. Un-liquidated obligations should be reviewed regularly and those not likely to require payment should be de-obligated. | 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 obligations should be reviewed regularly and those not likely to require payment should be de-obligated. | ||
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[[Category:Budget terms]] | [[Category:Budget terms]] | ||
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Revision as of 02:35, September 2, 2011
It has been suggested that this article or section be merged with [[::Obligation)|Obligation)]]. (Discuss)
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.