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Home > QFINANCE Dictionary > Definition of account

Definition of

account

  • 1. Finance

    arrangement for deferred payment a business arrangement involving the exchange of money or credit in which payment is deferred

  • 2. Finance

    record of financial dealings a record maintained by a financial institution itemizing its dealings with a particular customer

  • 3. Accounting

    record of monetary value of transactions a structured record of transactions in monetary terms, kept as part of an accounting system. This may take the form of a simple list or that of entries on a credit and debit basis, maintained either manually or as a computer record.

  • 4. Marketing

    advertising firm's client a client of an advertising or public relations agency

  • on account Finance

    used to describe a transaction where something is received that is to be paid for later

Definitions of ’account’ and meaning of ’account’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’account’ and other financial terms with our online QFINANCE Financial Dictionary.

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