Meaning of “EBT” in the English Dictionary

"EBT" in Business English

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EBTnoun [ C or U ]

uk us

HR, FINANCE Employee Benefit Trust: a trust (= legal arrangement for someone to have control over someone else's money) set up by an employer to help employees and their families

GOVERNMENT abbreviation for Electronic Benefit Transfer: in the US, a method of paying cash and food benefits (= money that the government gives to people who are ill or unemployed):

The Department of Human Services distributes the food cards, known as EBT cards.

(Definition of “EBT” from the Cambridge Business English Dictionary © Cambridge University Press)