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virement

Line breaks: vire|ment
Pronunciation: /ˈvʌɪəm(ə)nt
 
, ˈvɪəmɒ̃
 
/

Definition of virement in English:

noun

[mass noun] British Finance
The process of transferring items from one financial account to another.
Example sentences
  • It also provides information about the budget virement process, and when this should/should not be used.
  • The proposed virement and preservation of the Planning Delivery Grant would be managed to ensure that the Department would not exceed its overall budget allocation

Origin

early 20th century: from French, from virer 'to turn'.

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