imprest Definition
an amount of money given to someone for a specific purpose, especially in business, that is expected to be replaced with the same amount of money spent.
Using imprest: Examples
Take a moment to familiarize yourself with how "imprest" can be used in various situations through the following examples!
Example
The imprest is used to cover small expenses.
Example
The company gave him an imprest to cover his travel expenses.
Example
The imprest system ensures that there is always enough cash on hand for small purchases.
imprest Synonyms and Antonyms
Phrases with imprest
a type of accounting system where a fixed amount of money is provided to a person or department to cover small expenses
Example
The imprest account is used to pay for office supplies and other small expenses.
Example
As the imprest holder, he was responsible for ensuring that all expenses were properly recorded.
Example
The imprest fund was used to cover all small expenses for the department.
Origins of imprest
from Italian 'imprestare', meaning 'to lend'
Summary: imprest in Brief
The term 'imprest' [ˈɪmprɛst] refers to a sum of money given to someone for a specific purpose, usually in business, that is expected to be replaced with the same amount of money spent. It is used to cover small expenses and is managed through an imprest account, which is overseen by an imprest holder. The imprest fund is a sum of money set aside for use as an imprest account.
