T&E Budget (or Travel and Expense Budget) is the term used to describe the monetary allowance allocated by businesses to cover the costs of travel, entertainment, and other related expenses. This type of budgeting allows businesses to keep track of their spending in order to gain a better understanding of where money is being spent and what types of expenses are necessary for business operations. By creating a T&E budget, businesses can ensure that their spending remains within the confines of their desired financial goals.