- 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.