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Budget vs Expense - What's the difference?

budget | expense |

In obsolete terms the difference between budget and expense

is that budget is a wallet, purse or bag while expense is loss.

In transitive terms the difference between budget and expense

is that budget is to plan for the use of in a budget while expense is to charge a cost against an expense account; to bill something to the company for which one works.

As an adjective budget

is of or relating to a budget.

budget

English

(wikipedia budget)

Noun

(en noun)
  • (obsolete) A wallet, purse or bag.
  • * 1590 , Edmund Spenser, The Faerie Queene , III.x:
    • With that out of his bouget forth he drew / Great store of treasure, therewith him to tempt [...].
  • The amount of money or resources earmarked for a particular institution, activity or time-frame.
  • An itemized summary of intended expenditure; usually coupled with expected revenue.

    • Derived terms

    * black budget * budgetary * budgeteer * budgeter * champagne taste on a beer budget * high-budget * low-budget

    Adjective

    (-)
  • Of or relating to a budget.
  • Appropriate to a restricted budget.
    • We flew on a budget airline.

    Synonyms

    * (appropriate to a restricted budget) low-cost

    Verb

    (en verb)
  • To construct or draw up a budget.
    • ''Budgeting is even harder in times of recession
  • To provide funds, allow for in a budget.
    • ''The PM’s pet projects are budgeted rather generously
  • To plan for the use of in a budget.
    • The prestigious building project is budgeted in great detail, from warf facilities to the protocollary opening.

    expense

    English

    Noun

    (wikipedia expense) (en noun)
  • A spending or consuming. Often specifically an act of disbursing or spending funds.
    • She went to great expense to ensure her children would get the best education.
    Buying the car was a big expense , but will be worth it in the long run.
    We had a training weekend in New York, at the expense of our company.
  • * , Sonnet 44:
    • Husband nature's riches from expense .
  • That which is expended, laid out, or consumed. Sometimes with the notion of loss or damage to those on whom the expense falls.
    • Jones reached the final at the expense of Jones, who couldn´t beat him.
  • (obsolete) Loss.
  • * , Sonnet 30:
    • And moan the expense of many a vanished sight.

    Synonyms

    * (that which is expended) cost, charge, outlay, disbursement, expenditure, payment

    Derived terms

    * expense account

    Verb

  • To charge a cost against an expense account; to bill something to the company for which one works.
    • It should be acceptable to expense a business lunch with a client.

    Derived terms

    * expense magazine, (Military):'' a small magazine containing ammunition for immediate use. - Henry Lee Scot ''Military Dictionary ----