Definitions for "Petty Cash Fund"
Separate departmental cash fund for paying limited business expenses.
Funds authorized for cash handling units by the Assistant Vice President for Business and Finance (or his/her designee) to be used for the purchase of miscellaneous and incidental items of small value.
Small amount of cash set aside for making minor cash payments for which writing of cheques is not practicable
Money kept on hand for making minor disbursements using coin and currency rather than writing checks.