Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 26th April, 2020 | 2 Views.