open account
Definition 1
Accounting: (1) Account that has a non-zero debit or credit balance. (2) Account with an unpaid balance.
Definition 2
Trading: Credit relationship in which the buyer pays upon the receipt of goods, or on deferred payment basis.
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open account is in the Accounting & Auditing and Advertising, Marketing, & Sales subjects.
open account appears in the definitions of the following terms: bad debt, terms of payment, account statement, clean collection, charge account, to order bill of lading (B/L), account and trade credit
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