HomeDefinitionsCompareDebt Get hitThe financial definition for Get hit:Go lower in price, when bids in the stock or market are hit, causing those bids to vanish and be ../../finance-glossary/d by lower ones. Come in. Antithesis of on the take. Similar MatchesBalanced budgetBalanced budgetA budget in which the income equals expenditure. See: budget. BudgetBudgetA detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. Budget authorityBudget authorityBroad responsibility by Congress that government agencies have the power to spend federal funds. Congress can specify criteria for the spending of these funds. For example, it may stipulate that a given agency must spend within a specific year, number of years, or any time in the future. The basic forms of budget authority are; appropriations, authority to borrow, contract authority, and authority to obligate and expend offsetting receipts and collections. The period of time during which Congress makes funds available may be specified as one-year, multiple years or no year. The available amount may be classified as either definite or indefinite; a specific amount or an unspecified amount can be made available. Authority may also be classified as current or permanent. Permanent authority requires no current action by Congress. Further SuggestionsBudget deficitBudget surplus Feasible target payout ratios Flexible budget Foreign targeted issue Get out GNMA Midget Click to compare definitions of Get hit Click to view definitions beginning ge |