One of the mysteries of the English language finally explained.
The process of transferring items from one financial account to another.
- ‘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’
- ‘It also provides information about the budget virement process, and when this should/should not be used.’
Early 20th century: from French, from virer ‘to turn’.
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