accountac·count1 /əˈkaʊnt/ noun1[countableC] written abbreviation a/c, or acctBANKING an arrangement between a bank and a customer that allows the customer to pay in and take out money; BANK ACCOUNTShe used her first pay check to open an account (=to start one).
80% of people have held an account (=had one) with the same bank for five years or more.
They were unhappy with service at the bank and closed their account there.
→ see also money of account, unit of account, statement of account 2no accountBANKING words written on a cheque to show that the account to which it relates has been closed 3[countableC]ACCOUNTING a record showing a particular part of the finances of a business 4accounts [plural]ACCOUNTING the complete set of records showing money coming into and going out of a business, its profits, and its financial situationThe new accounts contain more bad news for shareholders.
→ see also books of account 5accounts [plural]ACCOUNTING the department of a company that deals with its accountsShe works in accounts.
6COMMERCEMARKETING [countableC] an arrangement between a buyer and a seller for payment to be made some time after the buyer receives the goods or servicesNo interest is charged provided the account is settled (=the money owed is paid) in full every month.
All clients are sent a monthly account statement (=list of goods or services bought and money owed).
7on accountCOMMERCE paid as part of the total amount that needs to be paidWe’ll pay you half of your fee on account.
8on accountCOMMERCE to be paid for laterMost of this equipment was bought on account.
9[countableC]ORGANIZATIONSCOMMERCE an organization that is a regular client of a company, especially an ADVERTISING AGENCYThe agency won several major accounts this year.
He’s always on the road calling on key accounts (=important clients).
→ abbreviated accounts → adjustment account → annual accounts → appropriation account → approved accounts → audited accounts → balance of payments capital account → balance of payments current account → bank account → blocked account → call account → cash account → cash management account → charge account → cheque account → client account → club account → club accounts → company accounts → consignment account → consolidated accounts → contra account → contra-asset account → control account → credit account → current account → custodial account → debit account → demand account → deposit account → depreciation account → discretionary account → dormant account → drawing account → email account → entertainment account → escrow account → Exchange equalization account → expense account → external account → final accounts → foreign currency account → group accounts → inactive account → income and expenditure account → individual retirement account → instant access account → interim accounts → joint account → loro account → margin account → merchant account → nominal accounts → nostro account → notice account → NOW account → numbered account → postal account → profit and loss account → public account → purchases account → real accounts → sales account → sales returns account → savings account → sundries account → suspense account → vostro account