line item budget

Definition

A budget in which each expense is separately accounted for, and placed on a separate line for readability and analysis. Line item budgets are useful for financial planning, cost reduction measures, and identifying potential sources of waste or fraud.

Use line item budget in a sentence

The line item budget was used to separate the items optimally for clarity to understand the meaning of each one best.

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We had a line item budget that we had to pay attention to and it was very important that we didn't forget about it ever.

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You need to make sure that you have accurately predicted how much it will cost so that you do not go over the line item budget.

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line item line of credit