|
|
Definition of Open account
1. Noun. Credit extended by a business to a customer.
Generic synonyms: Charge Account Credit, Open-end Credit, Revolving Credit
Specialized synonyms: Revolving Charge Account
2. Noun. An unpaid credit order.
Lexicographical Neighbors of Open Account
Literary usage of Open account
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Law and Practice in Bankruptcy Under the National Bankruptcy Act of 1898 by William Miller Collier, William Horace Hotchkiss, Frank Bixby Gilbert, Fred Eugene Rosbrook (1921)
"sustained in consequence of false and fraudulent representations.147 Payments
made by the bankrupt on an open account within the four months' period do not ..."
2. The American and English Encyclopedia of Law by Thomas Johnson Michie (1886)
"An open account is one in which some item of the contract is not settled by ...
Every new item in a running open account draws with it all preceding items. ..."
3. Judicial and Statutory Definitions of Words and Phrases by West Publishing Company (1904)
"York to New Orleans, Is not an open account, within the meaning of the ...
An open account la one In which the amount due has not been ascertained or fixed ..."
4. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1903)
"... the petition In bankruptcy, whether then payable or not, and of debts which
are "founded upon an open account or upon a contract exprès* or Implied." 2. ..."
5. Accounting Theory and Practice by Roy Bernard Kester (1917)
"In no other sense is the note a preferred claim over the open account. In case
of bankruptcy a claim against the bankrupt under an open account and a claim ..."
6. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1919)
"This Is an action to recover money alleged to be due by note and by open account,
In which the defendant pleaded a counter^ claim. The plaintiff alleges la ..."
7. An Institute of the Law of Scotland: In Four Books : in the Order of Sir by John Erskine, George Mackenzie, James Ivory (1828)
"478) * ; and where no term of payment is stipulated, ex. gr. in J~v "— ' an open
account, decree is generally awarded for the interest from the time at ..."
Other Resources:
