TeachMeFinance.com - explain surplus
surplus -- The amount by which the federal government's total revenues
exceed its total outlays in a given period, typically a fiscal year.
surplus -- (1) that which is over and above, or in addition to the required amount. (2) a mutual savings institution's retained earnings after payments to savers and additions to reserves. In a stock institution, these funds are called undivided profits.
Surplus -- Profit set aside after paying expenses and after necessary deductions, as for interest, dividends, rentals, taxes, etc.
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