Expense account

Expense account,

Definition of Expense account:

  1. Money advanced to a salesperson, or any other employee or officer of a firm, for food, travel, accommodation, entertainment of clients, and other such expenses considered necessary to make sales or to get a job done.

  2. An arrangement under which sums of money spent in the course of business by an employee are later reimbursed by their employer.

How to use Expense account in a sentence?

  1. The press were still sleeping off their expense-account excesses.

Meaning of Expense account & Expense account Definition