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Simple English definitions for legal terms
fiscal
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A quick definition of fiscal:
Term: FISCAL
Definition: Fiscal means anything related to money or finances. It can refer to how a government manages its money, collects taxes, or spends money on public services. For example, a fiscal year is a 12-month period that a company or government uses to track its financial performance. A sound fiscal policy means that a government is making smart decisions about how to use its money to benefit its citizens.
A more thorough explanation:
FISCAL
fiscal (fis-kəl), adj.
- Of or relating to financial matters, such as money and budgets. For example, a company's fiscal year is the 12-month period during which it calculates its financial performance.
- Of or relating to public finances or taxation. For example, a government's fiscal policy refers to the way it manages its money and taxes to achieve its economic goals.
The term "fiscal" is used to describe anything related to money, budgets, taxes, and public finances. For instance, a company's fiscal year is the period during which it calculates its financial performance, including revenue, expenses, and profits. Similarly, a government's fiscal policy refers to the way it manages its money and taxes to achieve its economic goals, such as reducing inflation or increasing employment.
- A company's fiscal year runs from January 1 to December 31.
- The government's fiscal policy includes measures to stimulate economic growth.
- The school board is discussing its fiscal budget for the upcoming academic year.
These examples illustrate how the term "fiscal" is used to describe financial matters, such as a company's financial performance, a government's economic policies, and a school board's budget planning.