PETTYCASH

Petty cash

Petty cash is a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make any disbursement by cheque, because of the inconvenience and costs of writing, signing and then cashing the cheque.

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petty cash

Noun

  1. a small amount of cash kept by a company, used for low-cost immediate expenditure


The above text is a snippet from Wiktionary: petty cash
and as such is available under the Creative Commons Attribution/Share-Alike License.

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