Business terms and jargon explained. Your business dictionary
What is Budget account
A bank account that is set up to pay all the bills e.g. Mortgage, telephone, council tax etc. Money is transferred into the account once a month to cover the payment of Direct debits and Standing orders.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.