One of the mysteries of the English language finally explained.
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’
- ‘The CFO must manage and operate imprest funds in accordance with Treasury and Departmental regulations.’
- ‘This statement outlines procedures for establishing and maintaining a departmental imprest checking account.’
- ‘The report should show that the amount of imprest cash authorized and the total cash on hand equal zero.’
- ‘These guidelines apply to expenditures of cash imprest, cash advance or your own cash to be reimbursed.’
- ‘Vouchers for reimbursement of imprest accounts should be prepared and submitted to accounts payable within the month.’
- 1.1 A sum of money advanced to a person for a particular purpose.
Mid 16th century: from the earlier phrase in prest ‘as a loan’, influenced by Italian or medieval Latin imprestare ‘lend’.
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