- drawing account
1. : current account2. : an account showing usually periodic cash payments to an employee in advance of actual earnings or for expenses to be incurred; especially : one showing advances to a salesman against commissions on future sales or for traveling expenses3. : an account showing the withdrawals of a proprietor or partner from his business; especially : one showing withdrawals against current or anticipated profits — called also personal account
* * *Com.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., esp. for sales representatives.[1825-35]
* * *drawing account,an account that shows withdrawals of money in a business for expenses. A drawing account shows how much money a salesman has drawn against his future salary, commissions, or expenses.
Useful english dictionary. 2012.
Look at other dictionaries:
drawing account — ➔ account1 * * * drawing account UK US noun [C] US ► ACCOUNTING a company account that contains a record of the money that its owners take for themselves ► BANKING a bank account that employees use for expenses related to their jobs … Financial and business terms
drawing account — n. an account of or for money paid for expenses, advances on salary, etc., as to a salesman … English World dictionary
Drawing Account — An accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships. Owner withdrawals from businesses that are taxed as … Investment dictionary
drawing account — The account of an employee, usually a salesman working on a commission or part commission basis, with the employer, upon which advances are made to the employee at intervals fixed by the contract of employment or upon request by the employee.… … Ballentine's law dictionary
drawing account — draw′ing account n. 1) bus an account used esp. by a business partner for cash withdrawals 2) bus an account that is charged with advances of money against future earnings, esp. sales commissions • Etymology: 1825–35 … From formal English to slang
drawing account — Com. 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., esp. for sales representatives. [1825 35] * * * … Universalium
drawing account — / drɔ:ɪŋ əˌkaυnt/ noun a current account, or any account from which the customer may take money when he or she wants … Dictionary of banking and finance
drawing account — noun Date: 1885 an account showing payments made to an employee in advance of actual earnings or for traveling expenses … New Collegiate Dictionary
drawing account — bank account which allows sums of money to be regularly withdrawn … English contemporary dictionary
drawing account — /ˈdrɔɪŋ əkaʊnt/ (say droyng uhkownt) noun US Banking, etc. → cheque account … Australian English dictionary