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Meaning of “club account” in the English Dictionary

"club account" in Business English

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club accountnoun [C]

uk   us   BANKING
a bank account used by a club for its money: I have been one of the signatories to the club account since I became club treasurer last year.
a savings account that money is paid into regularly over the period of a year, that collects interest, and that is used to save money for a particular purpose, such as a holiday
(Definition of club account from the Cambridge Business English Dictionary © Cambridge University Press)
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“club account” in Business English

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