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Home > QFINANCE Dictionary > Definition of budget account

Definition of

budget account

Banking

bank account for regular expenses a bank account established to control a person's regular expenditure, such as the payment of insurance premiums, mortgage, utilities, or telephone bills. The annual expenditure for each item is paid into the account in equal monthly installments, bills being paid from the budget account as they become due.

budget account - Related Articles
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Definitions of ’budget account’ and meaning of ’budget account’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’budget account’ and other financial terms with our online QFINANCE Financial Dictionary.

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