account


account
A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of debits and credits, with their respective dates. A statement of pecuniary transactions; a record or course of business dealings between parties; a list or statement of monetary transactions, such as payments, losses, sales, debits, credits, accounts payable, accounts receivable, etc., in most cases showing a balance or result of comparison between items of an opposite nature.
- custody account
- liquidated account
- margin account
- nominal account
- stated account
- statement of account.
For open account, see open
Commercial transactions.
In the check collection process, "any account with a bank and includes a checking, time, interest or savings account." U.C.C. No. 4-104(l)(a).
In secured transactions law, "any right to payment for goods sold or leased or for services rendered which is not evidenced by an instrument or chattel paper, whether or not it has been earned by performance," including ordinary accounts receivable and rights under a ship charter, U.C.C. No. 9-106, and also the right to proceeds of a letter of credit. U.C.C. No. 5-116(2).
Account, or account render.
"Account," sometimes called "account render," was a form of action at common law against a person who by reason of some fiduciary relation (as guardian, bailiff, receiver, etc.) was bound to render an account to another, but refused to do so. Peoples Finance & Thrift Co. of Visalia v. Bowman, 58 Cal.App.2d 729, 137 P.2d 729, 731
- open account

Black's law dictionary. . 1990.

Synonyms:

Look at other dictionaries:

  • Account — Ac*count , n. [OE. acount, account, accompt, OF. acont, fr. aconter. See {Account}, v. t., {Count}, n., 1.] 1. A reckoning; computation; calculation; enumeration; a record of some reckoning; as, the Julian account of time. [1913 Webster] A… …   The Collaborative International Dictionary of English

  • account — ► NOUN 1) a description of an event or experience. 2) a record of financial expenditure and receipts. 3) a service through a bank or similar organization by which funds are held on behalf of a client or goods or services are supplied on credit.… …   English terms dictionary

  • account — [ə kount′] vt. [ME acounten < OFr aconter < a , to + conter, to tell < compter < L computare: see COMPUTE] to consider or judge to be; deem; value vi. 1. to furnish a reckoning (to someone) of money received and paid out 2. to make… …   English World dictionary

  • account — I (evaluation) noun appraisal, assessment, com pre rendu, enumeration, financial statement, ledger, list of receipts and payments, ratio, register, statement, statement of debits and credits, statement of pecuniary transactions, tally, valuation… …   Law dictionary

  • Account — Ac*count , v. i. 1. To render or receive an account or relation of particulars; as, an officer must account with or to the treasurer for money received. [1913 Webster] 2. To render an account; to answer in judgment; with for; as, we must account… …   The Collaborative International Dictionary of English

  • account — n 1 *use, service, advantage, profit, avail Analogous words: benefit (see corresponding verb at BENEFIT): usefulness, utility (see USE): *worth, value Contrasted words: futility, vanity, fruitlessness, bootlessness (see corresponding adjectives… …   New Dictionary of Synonyms

  • account — The phrase on account of is a slightly formal preposition meaning ‘because of’ • (He remained miserable and ashamed, largely on account of his appetite which continued to torment him Anita Brookner, 1988). Its use (with or without of) as a… …   Modern English usage

  • account — [n1] written description of past events ABCs*, annal, blow by blow*, bulletin, chronicle, detail, explanation, history, lowdown*, make*, narration, narrative, play by play*, recital, report, run down, score, story, tab, take, tale, the picture*,… …   New thesaurus

  • Account — Ac*count , v. t. [imp. & p. p. {Accounted}; p. pr. & vb. n. {Accounting}.] [OE. acounten, accompten, OF. aconter, [ a] (L. ad) + conter to count. F. conter to tell, compter to count, L. computare. See {Count}, v. t.] [1913 Webster] 1. To reckon;… …   The Collaborative International Dictionary of English

  • account — /akˈkaunt, ingl. əˈkaunt/ s. m. inv. 1. account executive 2. (elab.) registrazione □ codice di registrazione …   Sinonimi e Contrari. Terza edizione

  • account — (izg. akȁunt) m DEFINICIJA int. mrežna identifikacija sa zaporkom i pravom pristupa koju dodjeljuje administrator sustava; korisnički račun ETIMOLOGIJA engl …   Hrvatski jezični portal


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