Imprest Fund Law and Legal Definition

Imprest fund means “a cash fund of a fixed amount established by an advance of funds, without charge to an appropriation, from an agency finance or disbursing officer to a duly appointed cashier, for disbursement as needed from time to time in making payment in cash for relatively small amounts.” [48 CFR 13.001; Title 48-Federal Acquisition Regulations System; Chapter 1-Federal Acquisition Regulation; Subchapter C-Contracting Methods And Contract Types; Part 13-Simplified Acquisition Procedures]