Difference between revisions of "Cap"

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Term commonly used to refer to legal limits for each fiscal year on the [[budget]] authority and outlays provided by discretionary appropriations. A sequester is required if an appropriation causes a breach in the '''cap'''.
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Term commonly used to refer to legal limits for each fiscal year on the [[budget]] authority and outlays provided by discretionary appropriations. A [[budget sequester]] is required if an appropriation causes a breach in the '''cap'''.
[[category:accounting]]
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[[Category:Accounting]]
[[category:government]]
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[[Category:Government]]
[[category:finance]]
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[[Category:Finance]]
[[Category:Budget terms]]
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[[Category:Budget Terms]]

Latest revision as of 12:41, July 12, 2016

Term commonly used to refer to legal limits for each fiscal year on the budget authority and outlays provided by discretionary appropriations. A budget sequester is required if an appropriation causes a breach in the cap.