Definition, Meaning & Synonyms
petty-cash
noun
/ˈpɛti kæʃ/
Definition
A small amount of money that a company keeps on hand to pay for minor expenses.
Examples
- She withdrew $20 from the petty cash to buy office supplies.
- The petty cash fund is used to cover small expenditures like coffee and snacks.
- He forgot to track the petty cash payments, leading to some confusion at the end of the month.
Meaning
Petty cash is typically used for everyday small purchases that do not require the use of a check or credit card.
Synonyms
- slush fund
- small cash fund
- cash reserves
