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virement

/vaɪˈrɒmənt/ /vɪˈrɒmənt/

Meanings
noun
The transfer of a surplus from one account to cover a deficit in another.

Examples :

"Due to unexpected costs in the school library, the principal authorized a virement from the sports budget to ensure students had access to updated reading materials. "
finance business economy

Related Words

Illustration authorized

authorized verb

/ˈɑθəɹaɪzd/ /ˈɔːθəɹaɪzd/ /ˈɔθəɹaɪzd/

To grant (someone) the permission or power necessary to do (something).

"The General Assembly authorized the Council to take up the matter."

Illustration students

students noun

/ˈstjuːdn̩ts/ /ˈstudn̩ts/

A person who studies or learns about a particular subject.

"He is a student of life."

Illustration surplus

surplus noun

/ˈsɜːpləs/ /ˈsɝpləs/

That which remains when use or need is satisfied, or when a limit is reached; excess; overplus.

"After the party, there was a surplus of cake; everyone had eaten their fill. "

Illustration deficit

deficit noun

/ˈdɛfɪsɪt/ /ˈdɛfəsɪt/

Deficiency in amount or quality; a falling short; lack.

"The student had a significant deficit in her math skills, leading to low grades. "

Illustration unexpected

unexpected adjective

/ʌnɪkˈspɛktɪd/

Not expected, anticipated or foreseen.

"The heavy rain was unexpected; we had planned a picnic in the park. "

Illustration principal

principal noun

/ˈpɹɪnsəpəl/ /ˈpɹɪnsəp̬əl/

The money originally invested or loaned, on which basis interest and returns are calculated.

"A portion of your mortgage payment goes to reduce the principal, and the rest covers interest."

Illustration account

account noun

/ə.ˈkaʊnt/

A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review.

"The family's monthly account showed they spent more than their income. "

Illustration library

library noun

/ˈlaɪbɹi/ /ˈlaɪbɹəɹi/

An institution which holds books and/or other forms of media for use by the public or qualified people often lending them out, as well as providing various other services for its users.

"The local library has a wide selection of books for children and adults. "

Illustration updated

updated verb

/ʌpˈdeɪtɪd/ /ʌpˈdeɪtəd/

To bring (a thing) up to date.

"I need to update my records to take account of the most recent transaction."

Illustration materials

materials noun

/məˈtɪəɹɪəlz/ /məˈtɪɹi.əlz/

Matter which may be shaped or manipulated, particularly in making something.

"Asphalt, composed of oil and sand, is a widely used material for roads."

Illustration another

another pronoun

/æˈnʌð.ə(ɹ)/ /əˈnʌð.ə(ɹ)/ /æˈnʌð.ɚ/ /əˈnʌð.ɚ/

An additional one of the same kind.

"There is one sterling and here is another"

Illustration transfer

transfer noun

/ˈtɹænzfɜː/ /tɹænzˈfɜː/ /ˈtɹænsfɝ/ /tɹænsˈfɝ/

The act of conveying or removing something from one place, person or thing to another.

"The transfer of the student to a different class was announced in a school memo. "