• 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.

profit, excess, extra

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.
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