drawing account

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.

drawing account

noun

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

Word History and Origins

Origin of drawing account¹

First recorded in 1825–35

Example Sentences

Will go after Hitler . . . must have $100,000 drawing account.

From Time Magazine Archive

There a coolly competent professional international staff delivered a stern lecture, exacted a promise of reform, gave a small drawing account of $37.5 million in the hope that Brazil would go and sin no more.

From Time Magazine Archive

He had a drawing account on the British Treasury, could charge his costs against a still hypothetical future.

From Time Magazine Archive

Artist Blythe turned them all over to Gillespie's, got a permanent drawing account in return, never took more than $5 at a time.

From Time Magazine Archive

Eventually, however, he managed to turn the trick, got a drawing account, set out to interview Sun Yat-sen's widow, the delicate Soong Ching-ling; Borodin, the Russian adviser to the Kuomintang; Eugene Chen, who had been Sun Yat-sen's secretary, and other figures in the Chinese Revolution.

From Time Magazine Archive