imprest
/ˈɪmprɛst/
noun
- A fund of money used for small expenses, especially in a business or government office, that is regularly replenished.
- A small imprest is kept in the drawer for minor purchases.
- The office manager used the imprest to buy coffee and stationery.
- The accountant reconciled the imprest at the end of each month.
Synonyms
adjective
- Relating to a system of managing a cash fund that is kept at a fixed amount and replenished as it is spent.
- The company uses an imprest system for its petty cash.
- The imprest account requires receipts for all disbursements.
- Under the imprest method, the fund is restored to its original balance regularly.