Examlex
Two-year-old Mason hands a ball to his mother and says, "Ball." His mother says, "Yes. We can play ball." This is an example of
Fund Balances
The net assets in governmental funds, representing the difference between assets and liabilities.
Operating Fund
A fund used by an organization to manage its day-to-day operational expenses.
Encumbrance System
A legal system concerning real property wherein a claim or lien is placed on the property, affecting its use and transferability.
Estimated Commitments
Obligations or contracts that a company plans to undertake in the future, which are often projected or approximated.
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