diff --git a/src/components/learner-credit-management/SubBudgetCard.jsx b/src/components/learner-credit-management/SubBudgetCard.jsx
index ff81c89f0c..6261d3762a 100644
--- a/src/components/learner-credit-management/SubBudgetCard.jsx
+++ b/src/components/learner-credit-management/SubBudgetCard.jsx
@@ -89,7 +89,7 @@ const SubBudgetCard = ({
         </Col>
         {isAssignable && (
           <Col xs="6" md="auto" className="mb-3 mb-md-0">
-            <div className="small font-weight-bold">Pending</div>
+            <div className="small font-weight-bold">Assigned</div>
             <span className="small">
               {isFetchingBudgets ? <Skeleton /> : formatPrice(pending)}
             </span>
diff --git a/src/components/learner-credit-management/tests/BudgetCard.test.jsx b/src/components/learner-credit-management/tests/BudgetCard.test.jsx
index 4594de1b00..f146dc3111 100644
--- a/src/components/learner-credit-management/tests/BudgetCard.test.jsx
+++ b/src/components/learner-credit-management/tests/BudgetCard.test.jsx
@@ -523,10 +523,10 @@ describe('<BudgetCard />', () => {
     expect(screen.getByText('Available')).toBeInTheDocument();
     expect(screen.getByText(formatPrice(mockBudgetAggregates.available))).toBeInTheDocument();
     if (isAssignableBudget) {
-      expect(screen.getByText('Pending')).toBeInTheDocument();
+      expect(screen.getByText('Assigned')).toBeInTheDocument();
       expect(screen.getByText(formatPrice(mockBudgetAggregates.pending))).toBeInTheDocument();
     } else {
-      expect(screen.queryByText('Pending')).not.toBeInTheDocument();
+      expect(screen.queryByText('Assigned')).not.toBeInTheDocument();
     }
     expect(screen.getByText('Spent')).toBeInTheDocument();
     expect(screen.getByText(formatPrice(mockBudgetAggregates.spent))).toBeInTheDocument();