Extramural Accounting Glossary

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TermDefinition
Book Value Corpus
BudgetA financial plan that estimates the costs of conducting future activities. The budget is intended to express the program objectives and how they will be carried out in terms of resources required.
Budget AdjustmentThe act of amending the budget by moving funds from one category or line item to another
Budget PeriodThe intervals of time into which a multi-year project period is divided for budgetary/funding purposes.


 
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