Budget Account

Business, Legal & Accounting Glossary

Definition: Budget Account

Budget Account

Quick Summary of Budget Account

A bank account set up to control a person’s regular expenditure. The account would typically include the payment of such items as mortgage, utilities, telephone and other similar items. Annual expenditure for each item is divided by 12 and paid into the account monthly. The bills are then paid from the budget account as they become due.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Budget Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
September 26, 2023 https://payrollheaven.com/define/budget-account/.
Chicago Manual of Style (CMS):
Budget Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/budget-account/ (accessed: September 26, 2023).
American Psychological Association (APA):
Budget Account. PayrollHeaven.com. Retrieved September 26, 2023
, from PayrollHeaven.com website: https://payrollheaven.com/define/budget-account/

Definition Sources

Definitions for Budget Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.