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account
(redirected from open account)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
account,
n a basic storage unit in an accounting system. Individual accounts accept debit and credit entries that reflect the different types of transactions made by the practice.
account book,
n a book in which the financial transactions of a business or profession are entered. Such books may be admitted as evidence.
account, open,
n a straightforward arrangement between the dental provider and the patient for the handling of financial payments due the dental provider and owed by the patient.
account, payable,
n a dollar amount owed to creditors for items or services purchased from them.
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In the old days, stores would keep open accounts, or tabs, for their customers.
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Some banks will open accounts for teens with two forms of ID; some require a co-signing adult to be the responsible party for the account.
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Two offices will provide privacy for members wishing to open accounts, secure financing, or learn more about mortgage programs or business services.
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