In the Absence of Either an Approved Budget or a ____________________

question 57

Short Answer

In the absence of either an approved budget or a ____________________, the federal government is supposed to shut down.

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Definitions:

Float

The time difference between writing a check and the actual withdrawal of funds from the bank account, or in securities trading, it's the number of shares available for trading by the general public.

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Exit Price

The amount one would earn from selling an asset or the cost to transfer a liability during a well-organized sale between parties in the market.

Forced Sale

A sale carried out under conditions where the seller is under pressure to dispose of an asset, often resulting in a lower sale price than under normal circumstances.