Payments, and amounts which the Government is obligated to pay, for goods and services received (or contracted for future delivery) made from appropriations during the fiscal year indicated
a general term for all classes of indebtedness, the fundamental idea is since the debtor is bound to pay the creditor, therefore, has some legal power to compel this payment
Amounts of orders placed, contracts awarded, services received, or similar legally binding commitments made by Federal agencies during a given period that will require outlays during the same or some future period
Commitments made by Federal agencies to pay out money as distinct from the actual payments, which are "outlays " Generally, obligations are incurred as the enactment of budget authority However, since budget authority in highway programs is in the form of contract authority, obligations in these cases are permitted to be incurred immediately after apportionment or allocation The obligations are for the Federal share of the estimated full cost of each project at the time it is approved regardless of when the actual payments are made or the expected time of project completion
represent orders placed, contracts awarded, services received, and similar transactions during a given period, regardless of when the funds were appropriated and when the future payment of money is required
are estimates of future expenses that are committed for a particular purpose Obligating funds increases the expended amount and decreases the available balance A purchase order and an ASR for Central Engineering are examples of obligations
Technically defined as "amount of orders placed, contracts awarded, services received, and similar transactions during a given period which will require payments during the same or a future period "
Obligations are the amounts for orders placed, contracts awarded, services received, and similar transactions during a given period, regardless of when the funds were appropriated and when future payment of money is required Obligations differ from expenditures in that funds allocated by Federal agencies during one fiscal year may be spent by the recipient institution either partially or entirely during one or more subsequent years
The amounts of orders placed, contracts and subgrants awarded, goods and services received, and similar transactions during a given period that will require payment by the grantee during the same or a future period
Amounts that an entity may be legally required to pay out of its resources Included are not only actual liabilities but also unliquidated encumbrances (See Liabilities )
Amounts of orders placed, contracts awarded, services received, and similar transactions during a given period that will require payments during the same or a future period (A Glossary of Terms Used in the Federal Budget Process, GAO, 1993) See Budget Authority, Outlays, and Cost
the state, fact or condition of being indebted to another for a special service or favor received; a duty, contract, promise or any other social, moral or legal requirement that binds one to follow or avoid a certain course of action; the sense of owing another
Commitments made by federal agencies to pay out money, as distinct from the actual payments, which are "outlays " Generally, obligations are incurred after the enactment of budget authority The obligations are for the federal share of the estimated full cost of each project at the time it is approved, regardless of when the actual payments are made or the expected time of project completion Also: A federal budgetary term that refers to a binding agreement that will result in an outlay; an agreement by the federal government to pay for goods or services immediately or at some future time when the goods or services are delivered Also known as a "commitment "
Amounts of orders placed, contracts awarded, services rendered, or other commitments made by federal agencies during a given period that will require outlays during the same or some future period