Definition of virement in English:

Share this entry

virement

Pronunciation: /ˈvʌɪəm(ə)nt/
/ˈvɪəmɒ̃/

Entry from British & World English dictionary

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'.

For editors and proofreaders

Line breaks: vire|ment

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.