TeachMeFinance.com - explain Army and Air Force Exchange Service imprest fund activity
Army and Air Force Exchange Service imprest fund activity 'Army and Air Force Exchange Service imprest fund activity' is an military term meaning '(DOD) A military-operated retail activity, usually in remote or forward sites, when regular direct operations exchanges cannot be provided. It is a satellite activity of an Army and Air Force Exchange Service (AAFES) direct operation. The supported unit appoints the officer in charge of an imprest fund activity, who is issued an initial fund by AAFES to purchase beginning inventory. Money generated from sales is used to replenish the merchandise stock. See also imprest fund'.
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