drawing account

drawing account

drawing account Word Origin noun Commerce.

  1. an account used by a partner or employee for cash withdrawals.
  2. an account that is charged with advances of money for expenses, on salaries, against earnings, etc., especially for sales representatives.

Origin of drawing account First recorded in 1825–35 British Dictionary definitions for drawing account drawing account noun

  1. US an account out of which an employee, partner, or salesman may make withdrawals to meet expenses or as advances against expected income

Leave a Reply

Your email address will not be published. Required fields are marked *

45 queries 1.545