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drawing account

noun

Commerce.
  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., especially for sales representatives.

drawing account

noun

  1. an account out of which an employee, partner, or salesman may make withdrawals to meet expenses or as advances against expected income
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of drawing account1

First recorded in 1825–35

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