Content Ad 002

Picture for imprestImprest(noun) is the boodle set up to cover the incidental outgos of a firm. This term generally refers to a loan advanced but it can also have specialized meanings in business, politics, military etc.

Pronunciation: imp-rest

Meanings of Imprest

1. To lend a loan.
2. (Business/Commerce)To set up a fund to cover small expenses which is bushelled periodically.
3. (Politics/Government/Democracy)A loan given by the government to execute a public job.
4. Military/Navy) An advance payment of wages to soldiers or sailors.

Origin of Imprest

This word is derived from obsolete Italian “impresto” which means “loan”. Impresto descends from the past participle of “imprestare” meaning “to lend”. This word is formed by abridging “in” that means “toward” (Latin) + “prestare” i.e. to lend (from Latin praestre, to give, from praest, at hand.)

Master’s Tip to Learn Imprest

People, more often than not, stock up some money for ‘the rainy day’. Imprest is a similar adaptation, followed by companies under which they allocate funds to be used for incidental expenses and these funds are restored to the original amount yearly. This way they need not dig into the company finances for small expenditures and can also easily account for the used money.

Sentence examples for Imprest:

1. The child demanded that an Imprest be given to him beside the regular pocket money to buy an iPhone!
2. The GM asked the auditor to transfer the petty expenditures to the Imprest system of the company.

Content Ads 02 Sample 01
Pop Up

LIVE STREAMING ON YOUTUBE

Starting 3rd June 2024, 7pm

Onwards

FREE CHEAT SHEET

Learn
How to Master VA-RC 

This free (and highly detailed) cheat sheet will give you strategies to help you grow

No thanks, I don't want it.

Join our Free TELEGRAM GROUP for exclusive content and updates

Rsz 1rsz Close Img

Join Our Newsletter

Get the latest updates from our side, including offers and free live updates, on email.

Rsz Undraw Envelope N8lc Smal
Rsz 1rsz Close Img