A plan for making and spending money. federal budget. a plan for the federal government's revenues and spending for the coming year. mandatory spending. spending that is required by law. discretionary spending. spending that Congress decides on each year. securities. also known as IOU's; people buy these because they know they will get more ...

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government. (n.). late 14c., governement, "act of governing or ruling;" 1550s, "system by which a thing is governed" (especially a state), from Old French governement "control, direction, administration" (Modern French gouvernement), from governer "to steer, be at the helm of; govern, rule, command, direct," from Latin gubernare "to direct, rule, guide, govern," originally "to steer, to pilot ...

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