Surplus

Definition

• A measure of by how much assets exceed liabilities, exports exceed imports, profits exceed losses, or net income exceeds expenses. For example, in government spending, a budget surplus happens when tax revenues exceed government spending. The opposite of a surplus is a deficit.

Synonyms
extra, profit, excess

Related Terms and Acronyms

• Deficit — Definition,
  • When expenses surpass income or liabilities surpass assets.
• Exports — Definition,
  • Products and services produced in Canada and sold in other countries.
• Fiscal Deficit — Definition,
  • When the government spends more money than it receives in revenue over the course of one year.
• Fiscal Surplus — Definition,
  • When the government receives more in revenue than it spends over the course of the year.
• Imports — Definition,
  • Goods and services produced in other countries and sold in Canada.
• Income Statement — Definition,
  • Also known as the profit and loss statement or P&L, enables you to calculate your company's pre-tax profits by subtracting total expenses from total revenues.
• Loss — Definition,
  • When expenses are larger than revenues.
• Net Income (NI) — Acronym, Very Important,
  • The difference between effective gross income and expenses. The term is qualified as net income before depreciation and debt.
• Profit — Definition,
  • When revenues exceed expenses.
• Reinsurance Recoverables to Policyholder Surplus — Definition,
  • A method used to determine how much an insurer relies on reinsurance.