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imprest

Pronunciation: /ˈɪmprɛst/

Definition of imprest

noun

  • a 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
  • a 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'

imprest in other Oxford dictionaries

Definition of imprest in the US English dictionary