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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.


drawing account

noun

  1. 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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Word History and Origins

Origin of drawing account1

First recorded in 1825–35
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Example Sentences

Give me a drawing account equal to my present salary, and I'll earn it in commissions.

“Harken, O most revered Drawing Account,” she said, dropping back on a broad place in the trail to be near him.

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