Definition of virement in English:
noun[mass noun] British Finance
The process of transferring items from one financial account to another.
- 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
Early 20th century: from French, from virer 'to turn'.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.