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Imprest
IMPREST

Definitions:

i. (finance) An amount of money used by a part of a business to pay for small things.

ii. Earnest-money: money advanced.
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* All six elements would be in.


1. Purposeful and necessary to have arrangement in place.

2. Authorized or approved for special funds to be set aside.

3. Money will always be available and guided by rules and regulations in respect of funding, reimbursement, accounting, etc.

4. Amount will be enough to meet any one payment in full, with some little left to adequately settle another smaller bill.

5. Expended as at the time that usage would be required.

6. Serves purpose(s) as will be exactly hoped for.
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See perfect SMALL CHANGE (2).

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