a practical way to provide for small outlays
a small amount of currency issued and held by departments to cover payments of day-to-day miscellaneous purchases and postage charges
A special cash fund used to pay relatively small amounts.
A sum of money set aside for the purpose of making change or paying small obligations for which the issuance of a formal voucher and check would be too expensive and time-consuming.
fixed fund used to make small payments without having to write a check or use credit. The total of the unspent petty cash and the amount in receipts should equal the fixed amount of the fund.
A fund established by a business for making small payments of cash.
A small amount of cash kept on hand for making miscellaneous payments.