Petty Cash (Noun)
Meaning
A small fund of cash that a firm keeps for the payment of incidental expenses.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The accountant managed the petty cash for the company, reimbursing employees for small purchases and office supplies.
- To simplify expenses, the company kept a petty cash fund on hand for miscellaneous costs such as cab fares and parking fees.
- After running out of office supplies, John dipped into the petty cash to restock pens, paper clips, and other essentials.
- When a guest arrived unexpectedly, the office manager used petty cash to grab some extra coffee and pastries.
- For a company as small as ours, having a petty cash fund really helps us avoid processing lots of small reimbursement requests.