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drawing account

noun, Commerce.
an account used by a partner or employee for cash withdrawals.
an account that is charged with advances of money for expenses, on salaries, against earnings, etc., especially for sales representatives.
Origin of drawing account
First recorded in 1825-35 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for drawing account
Historical Examples
  • Give me a drawing account equal to my present salary, and I'll earn it in commissions.

    Certain Success Norval A. Hawkins
British Dictionary definitions for drawing account

drawing account

(US) an account out of which an employee, partner, or salesman may make withdrawals to meet expenses or as advances against expected income
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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