BLANKET APPROPRIATION
Authorized expenditures of given department or project on a blanket basis. Department or project heads have the discretion to allocate this appropriation as they see fit. These are most common in government-level funding, but is also used in the private sector for smaller projects with low capital outlays. One advantage of blanket appropriation is it cuts down the waiting time between proposal and implementation because the heads need not to secure approval for this.
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GMD
ISO 4217 abbreviation for Gambian dalasi, official currency of Gambia. Introduced in 1971, it replaced the former national currency, the Gambian po ...
Breakeven Tax Rate
Tax rate that is neither profitable nor unprofitable for an individual, company, or institution to engage in a certain transaction. It refers to a ...
Beating The Gun
An informal and casual phrase used when an investor buys or sells a security at an advantageous amount by conducting a trade ahead of the market&rs ...
Consumer Debt
Debt incurred for purchasing consumable goods or products that do not appreciate. Normally, an individual gain no benefit from possessing high leve ...
American Recovery and Reinvestment Act
It is an act that was signed in February 2009 by US President Barack Obama. This act was initiated to respond to the country’s weak economic ...
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