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Simple English definitions for legal terms
action on expenditure
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A quick definition of action on expenditure:
Term: Action on Expenditure
Definition: Action on expenditure refers to taking action or making decisions regarding how money is spent. It involves reviewing and analyzing expenses, identifying areas where costs can be reduced, and implementing measures to control spending. Essentially, it is a process of managing finances to ensure that money is used wisely and efficiently.
A more thorough explanation:
Definition: Action on expenditure refers to taking action or making decisions related to spending money. This can include budgeting, allocating funds, and monitoring expenses.
Example 1: The company's finance department held a meeting to discuss action on expenditure for the upcoming quarter. They reviewed the budget and decided to allocate more funds towards marketing efforts.
Example 2: The government implemented an action on expenditure plan to reduce unnecessary spending and save money. This included cutting back on travel expenses and reducing the number of government vehicles.
These examples illustrate how action on expenditure involves making decisions and taking action related to spending money. It can be done on a small scale, such as a company's quarterly budget, or on a larger scale, such as a government's overall spending plan.