Definition of imprest in English:

Share this entry

imprest

Pronunciation: /ˈɪmprɛst/

noun

1A fund used by a business for small items of expenditure and restored to a fixed amount periodically: [as modifier]: this petty cash is kept on the imprest system
More example sentences
  • This statement outlines procedures for establishing and maintaining a departmental imprest checking account.
  • These guidelines apply to expenditures of cash imprest, cash advance or your own cash to be reimbursed.
  • The report should show that the amount of imprest cash authorized and the total cash on hand equal zero.
1.1A sum of money advanced to a person for a particular purpose.

Origin

Mid 16th century: from the earlier phrase in prest 'as a loan', influenced by Italian or medieval Latin imprestare 'lend'.

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.