If a government has a budget surplus, it has spent less than it received in taxes. Norway's budget surplus has fallen from 5.9% in 1986 to an expected 0.1% this year
A stock company's surplus is the amount by which its admitted assets exceed its liabilities and capital stock In both stock and mutual companies, the term surplus to policyholders means the excess of admitted assets over liabilities
A fiscal condition which may occur at the end of a fiscal year, whereby expenditures are less than the actual intake of revenues during the same period The surplus funds become available for appropriation for the following year
Excess also called overage The extent to which assets exceed liabilities Profits remaining after subtracting for operating expenses, taxes, interest and insurance
A condition that occurs when the supply of a good or service exceeds its demand Surpluses occur when the price for a good or service is higher than its equilibrium price
Votes that a candidate receives in excess of the quota They are distributed to other candidates according to the further preferences indicated on the ballot papers by those voters
Contributed surplus is a balance sheet figure which originates from sources other than earnings, such as the initial sale of stock above par value Earned surplus, or retained earnings, is the amount of accumulated earnings retained in the business after the payment of all expenses and dividends
The excess of assets over liabilities Statutory surplus is an insurers or reinsurers capital as determined under statutory accounting rules Surplus determines an insurers or reinsurers capacity to write business
The dollar amount remaining after company operation expenses Surplus typically grows from underwriting gain and investment income Surplus is diminished if payout on claims (insured losses) exceeds premiums collected A favorable surplus ratio, excess assets over liabilities, guarantees available funds for solvency and the ability to pay claims It allows an insurer to grow and offer more products, as well as helps maintain a favorable rating within the insurance industry
Surplus is used to describe something that is extra or that is more than is needed. Few people have large sums of surplus cash The houses are being sold because they are surplus to requirements
A generic term referring to anything dealing with equity It is a term that is often misunderstood and misused Basically it is the same as the undesignated fund balance It is primarily used for emergencies The rule of thumb is to make sure that surplus contains at least eight percent of the total budget or the amount equal to one months operating expenses or one-twelfth The optimum is ten percent Surplus revenues generally build up as result of unexpected balances and the excess of receipts from sources other than taxation
more than is needed, desired, or required; "trying to lose excess weight"; "found some extra change lying on the dresser"; "yet another book on heraldry might be thought redundant"; "skills made redundant by technological advance"; "sleeping in the spare room"; "supernumerary ornamentation"; "it was supererogatory of her to gloat"; "delete superfluous (or unnecessary) words"; "extra ribs as well as other supernumerary internal parts"; "surplus cheese distributed to the needy"