Imprest account definition

Imprest account means an account into which a fixed amount of money is placed for the purpose of making change, known as a “change fund”.

Imprest account means an account established under section 9; "prescribed public authority" means—

Imprest account means the deposit account established by Owner in accordance with Section 6.3 hereof.

Examples of Imprest account in a sentence

• Salaries, wages or taxable expenses must never be paid through the Imprest account.

• The Form A shall be completed annually for the Imprest account at 31 March each year which shall be retained and made available for Audit inspection.

• The Imprest account should only be used for transactions of a nominal value to purchase items which cannot be processed using official ordering procedures and shall be operated in accordance with the instructions of the Head Teacher.

• The School will maintain a bank account with the Authority’s approved bank for the purposes of operating the Imprest account with three signatories approved by the Governing Body.

• The Imprest account shall be reconciled to the bank statement by an officer independent of the day to day running of the account and who does not hold a debit card.

More Definitions of Imprest account

Imprest account means bank current account used for receival of funding sources provided by Partner;

Imprest account means the account authorised by the Accounting Officer for an approved vote. Controlling Officers shall spend the appropriation in the vote from imprest accounts;

Imprest account means an imprest account, as more specifically referred to in paragraph 5 of Schedule 3 hereto;

Imprest account means the account to be maintained by the Borrower in accordance with paragraph 8 of Schedule 3 of the Initial Loan Agreement and this Loan Agreement;

Imprest account means an account established under section 9;

Imprest account means an account into which a fixed amount of money is placed for the purpose of making change, known as a “change fund” or making minor disbursements, known as a “petty cash fund.”

Imprest account means the interest bearing bank account established by the Company pursuant to the terms of this Agreement whereby the Parties shall deposit funds to be held in trust and transferred to the Checking Account.