account
noun [ C ]
uk/əˈkaʊnt/ us BANKING (also bank account); ( written abbreviation a/c); (also acct.)
an arrangement with a bank in which the customer puts in and takes out money and the bank keeps a record of it:
close/open an account When she starts school we're opening an account in her name and we'll put money into it each year.
deposit/pay money into an account Anna could deposit her savings into an account offering more interest.
an account with sth She applied for the card soon after opening an account with the bank.
joint/separate account It's better to have separate accounts and feed money into a joint account for shared bills.
a checking/cheque/current account
business/personal account Each month I transfer money from my business account to my personal account.
a deposit/savings account
FINANCE (also UK credit account); (also US charge account)
an agreement with a store or company that allows you to buy things and pay for them later:
open an account with sth If you open an account with the store you save 10%.
charge sth to an account Jenny got the bill and said she'd charge it to the company account.
ACCOUNTING
a record of money received, spent, or owed:
An account of travel expenses incurred by an employee must be submitted for reimbursement together with receipts.
MARKETING
a customer who does business regularly with a company:
lose/win an account The company has won a batch of high-profile advertising accounts
IT
an agreement with a company that allows you to use the internet and email, and gives you space on the internet to put your documents:
Some people have a specific service in mind, whether it's an account with free Web space or the ability to develop an electronic commerce site online.
on account
to be paid for at a later time:
$25,000 in inventory was purchased on account from suppliers in July.
paid as part of the total amount owed:
Part is paid on account, and the rest is paid at the end of the period.
See also
adjustment account
appropriation account
balance of payments capital account
balance of payments current account
bank account
call account
cash account
cash management account
charge account
client account
club account
consignment account
contra 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
Exchange Equalization Account
expense account
external account
foreign currency account
inactive account
income and expenditure account
individual retirement account
instant access account
joint account
loro account
margin account
merchant account
nostro account
notice account
NOW account
numbered account
postal account
profit-and-loss account
public account
purchases account
sales account
sales returns account
savings account
sundries account
suspense account
trust account
vostro account