Imprests financial definition of imprests
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slang; a small amount of money
appropriated for a particular purpose. The imprest is periodically replenished. See also: Petty cash
imprest a system used to control the expenditure of petty cash. An opening balance of petty cash (called the imprest) is made available to cover the petty cash expenses for the next accounting period. At the end of the period, whatever cash has been spent is replenished to restore the petty cash balance. This system tends to limit any losses, for example, via fraud, because the maximum that can be misappropriated in any one period is the imprest or opening balance.