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drawing account

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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.

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Origin of drawing account

First recorded in 1825–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

British Dictionary definitions for drawing account

drawing account

noun

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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