account
Definition 1
Accounting: Chronological record of changes in the value of an entity's assets, liabilities, and the owners' equity; each of which is represented by a separate page in the ledger. See also accounting equation and accounts.
Definition 2
Banking: Continuing financial relationship between a bank and a customer, in which deposits and debts are held and processed within a framework of established rules and procedures.
Definition 3
Commerce: On-going contractual relationship between a buyer and seller whereby payment for goods received is made at a later time (usually 30 days). See also charge account and open account.
Definition 4
Law: Obligation of each party to a contract or partnership to account to other(s) for amounts received or due.
Definition 5
Services: Client of an advertising, brokerage, consulting, marketing, or public relations firm.
account is in the Accounting & Auditing, Advertising, Marketing, & Sales, Banking, Commerce & Finance, Corporate, Commercial, & General Law and Customer Relations & Services subjects.
account appears in the definitions of the following terms:
bill of credit,
contra entry,
accuracy,
permanent owners' equity account,
chart of accounts,
electronic funds transfer at point-of-sale (EFT-POS),
notice account,
nominee account,
relationship banking,
reversing entry
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/account.html
email to a friend print this definition cite this definition