AVAILABLE EXPENDITURE Meaning and
Definition
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Available expenditure refers to the total amount of funds or financial resources that are accessible and ready to be spent or utilized for various purposes within a given time period. It represents the pool of money or resources that an individual, organization, or government has at their disposal to meet their financial obligations, make purchases, invest, or allocate towards specific projects, activities, or programs.
The term "available" suggests that the funds or resources are not restricted or tied up in any way and can be used as desired. It is essential to distinguish available expenditure from total expenditure, as the latter may include funds that are committed, reserved, or legally restricted for certain purposes or projects.
Available expenditure encompasses various revenue sources such as income, grants, loans, donations, or savings that can be utilized to cover expenses or investments. It includes both current assets like cash in hand or bank accounts that are readily available, as well as short-term investments that can be quickly converted into cash.
This financial term is often used in budgeting and financial planning processes to determine the amount of money or resources that can be allocated towards different activities or projects. It guides decision-making by assessing the financial capacity or flexibility for spending, while also considering future needs and priorities. By carefully managing available expenditure, individuals, organizations, and governments can optimize the utilization of their resources and ensure efficient financial management.
Etymology of AVAILABLE EXPENDITURE
The term "available expenditure" does not have a specific etymology, as it is a combination of two separate words.
The word "available" derives from the Middle English word "availen", meaning "to be of use or advantage". This comes from the Old French word "availlier" and ultimately from the Latin word "ad-" (to) and "valere" (to be strong or of value). The meaning of "available" refers to something that is accessible, ready to be used, or capable of being utilized.
The word "expenditure" has its roots in the Latin word "expendere", which means "to weigh out or spend". It is a combination of "ex-" (out) and "pendere" (to weigh). "Expenditure" refers to the act or process of spending money, resources, or effort.
