Meaning of “budget account” in the English Dictionary

business-english dictionary

"budget account" in Business English

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budget accountnoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)