Legal Definitions - fiscal

FISCAL

fiscal (fis-kəl), adj.

1. Of or relating to financial matters, such as money and budgets. For example, a company's fiscal year is the 12-month period during which it calculates its financial performance.
2. Of or relating to public finances or taxation. For example, a government's fiscal policy refers to the way it manages its money and taxes to achieve its economic goals.

The term "fiscal" is used to describe anything related to money, budgets, taxes, and public finances. For instance, a company's fiscal year is the period during which it calculates its financial performance, including revenue, expenses, and profits. Similarly, a government's fiscal policy refers to the way it manages its money and taxes to achieve its economic goals, such as reducing inflation or increasing employment.

• A company's fiscal year runs from January 1 to December 31.
• The government's fiscal policy includes measures to stimulate economic growth.
• The school board is discussing its fiscal budget for the upcoming academic year.

These examples illustrate how the term "fiscal" is used to describe financial matters, such as a company's financial performance, a government's economic policies, and a school board's budget planning.