imprest

¹

[ im-prest ]

noun

1. an advance of money; loan.

imprest

²

[ im-prest ]

verb

, Archaic.

1. simple past tense and past participle of impress ¹.

imprest

³

[ im-prest ]

verb

, Archaic.

1. simple past tense and past participle of impress ².

imprest

/ ɪmˈprɛst /

noun

1. a fund of cash from which a department or other unit pays incidental expenses, topped up periodically from central funds
2. an advance from government funds for the performance of some public business or service
3. (formerly) an advance payment of wages to a sailor or soldier

Word History and Origins

Origin of imprest¹

First recorded in 1560–70; probably noun use of obsolete verb imprest “to advance money to,” from Italian imprestare, from Medieval Latin imprestāre “to lend,” from Latin im- prefix + praestāre “to tender, offer, present”; influenced in sense by praes, stem praed- “guarantor, one acting as surety”; im- ¹, pre-; stand

Word History and Origins

Origin of imprest¹

C16: probably from Italian imprestare to lend, from Latin in- towards + praestāre to pay, from praestō at hand; see presto

Example Sentences

Since 2009, $95.123 million was paid through “imprest” accounting at COD whereby the college administrators knew the payment details, but the board of trustees did not. 

From Forbes

The College of DuPage has over 95 million questions to answer– click here to review the first 508 pages of hidden “imprest” payments.

From Forbes

The satellite phone payments were not vetted by the college board of trustees, but instead flowed through a hidden “imprest” payment scheme.

From Forbes

Imprest accounting is akin to petty cash accounting according to the U.S.

From Forbes

Designated ‘petty cash’ funds were hardly used, only $4,267 in payments over five years, while ‘imprest funds’ handled over 82,000 transactions.

From Forbes

Related Words

• affect
• awe
• excite
• faze
• inspire
• sway
• thrill
• touch