Summary Definition. Define Balanced Budget: Balanced budget means a financial planâs cash inflows and outlays are equal and will not cause the entity to go into debt.
Portsmouth, Virginia. Portsmouth is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 95,535.[3] It is part of the Hampton Roads metropolitan area.
Portsmouth was part of the Triangle Trade, which made significant profits from slavery. At the town's incorporation in 1653, it was named Portsmouth in honor of the colony's founder, John Mason. He had been captain of the port of Portsmouth, England, in the county of Hampshire, for which New Hampshire is named.