The white blooms dotted the asphalt and swirled in the breeze under the orange glow of the street lamps.
What is 'Imprest'. An imprest is a cash account that a business uses to pay for small, routine expenses. A fixed balance is maintained in the account, and it is replenished routinely to maintain that balance. Alternatively, an imprest can refer to a monetary advance given to a person for a specific purpose.
UBIT or UBTI Defined Since retirement accounts such as IRAs and 401ks are tax deferred (i.e., donât pay taxes until distributions commence, usually at retirement) and can invest in businesses, they are in direct competition with businesses that pay taxes.