budget transfer

noun

UK /ˈbʌdʒɪt ˈtrænsfɜː/

US /ˈbʌdʒɪt ˈtrænsfɝː/

A budget transfer is when money is moved from one part of a plan to another part.

The school made a budget transfer to buy new books for the library.

SYNONYMS

fund reallocation money shift fund transfer reallocation budget adjustment

RELATED WORDS

budget transfer allocation finance accounting

OTHER MEANINGS

2. In accounting software, a budget transfer is a recorded entry that moves funds between accounts or categories.

The accountant entered a budget transfer to cover the extra costs.

3. In government, a budget transfer is an official change that moves approved money from one department to another.

The city council approved a budget transfer to fix the roads.

4. In personal finance, a budget transfer is moving money you saved for one thing to pay for something else.

She did a budget transfer from her vacation fund to pay for car repairs.