drawing account

Related to drawing account: capital account

drawing account

n (Banking & Finance) US an account out of which an employee, partner, or salesman may make withdrawals to meet expenses or as advances against expected income

draw′ing account`


n. 1. an account used esp. by a business partner for cash withdrawals. 2. an account that is charged with advances of money against future earnings, esp. sales commissions. [1825–35]