0 an amount of money used by part of a business to pay for small things --
1 an amount of money that is used by a company, an organization, etc. to pay for regular small costs: --
2 a loan or an amount of money that is given to someone before they do business or a service for the government --
Hotham wisely appointed a committee of two bankers and the auditor-general to inquire into the position, and this committee promptly advised the abolition of the imprest system.
It is in the nature of an imprest (money maintained for a specific purpose).
The most common way of accounting for petty cash expenditures is to use the imprest system.
This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier.
The second is cash differences in imprest accounts.
The scheme requires that the accounts shall be certified each week, as a basis of further imprests.
A sum of £35,000 is for imprests to individual stores for working capital, and £105,000 for other expenditure.
The third is settlement on some long-standing operations carried out mainly by delegations and representations under the imprest arrangements abroad.
