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English definition of “budget account”

budget account

noun [C]     UK
BANKING an account into which you make regular payments so that you have enough money to pay large bills or to pay for other things you need: Use one account as a budget account into which your salary is paid each month.
COMMERCE an account with a store into which you make regular payments over a period of time in order to pay for products that you buy there
(Definition of budget account noun from the Cambridge Business English Dictionary © Cambridge University Press)
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