surplus

Vocabulary Word

Definition

'Surplus' is about having more than what's needed. Usually, it's used in terms of money or goods. So, if a shop sells off all its stock but still has some left, that's a surplus.

Examples in Different Contexts

In corporate finance, maintaining a 'surplus' is advantageous for addressing unexpected expenses or investment opportunities. A CFO might assert, 'Our disciplined financial approach allows us to generate a surplus, positioning us to capitalize on emerging growth opportunities.'

Practice Scenarios

Academics

Scenario:

With the generous donation, our library is overflowing with textbooks. We need to consider how best we can utilise this abundance.

Response:

With this surplus of textbooks, we could support schools in economically challenged areas.

Government-Policy

Scenario:

Our budget managed well and we have funds over the required limit. It's time we reassess and figure out ideal application of these funds.

Response:

It's great we have a budget surplus this year. It allows us to increase spending on public health infrastructure.