Meaning of “club account” in the English Dictionary

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"club account" in Business English

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club accountnoun [ C ]


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)