Hypothecation: Difference between revisions

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'''HypothicationHypothecation''', literally: hypothetical dedication.
 
A justification for an expenditure or taxation. For instance [[Gasoline Tax]] is dedicated to fund transportation infrastructure. Realistically the system is not so closed. If transportation costs were to exceed gasoline tax revenue then services would not be cut. Likewise, if revenues were to exceed costs then the balance would not go unspent.