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'''. | + | 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]] | [[category:accounting]] | ||
[[category:government]] | [[category:government]] | ||
[[category:finance]] | [[category:finance]] | ||
[[Category:Budget terms]] | [[Category:Budget terms]] | ||
Revision as of 00:19, January 2, 2013
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.
