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.

Origin of drawing account

First recorded in 1825–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for drawing account

drawing account

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