UK Accounting Glossary
The process of moving money from one financial account or part of a budget (= a plan for how money will be spent) to a different one.
the process of transferring items from one financial account to another.
In some budgetary control systems, Virement is an agreed practice in which funds may be transferred from one segment of the budget to another within a financial year. For example: a project surplus in one budget may be used to cover another budgets deficit.