Account Definition & Meaning


Every week, she puts/deposits a part of her paycheck into a separate account. The company takes account of environmental issues wherever possible. I’ve never been there, but it’s a lovely place, by all accounts. He insisted on giving us a blow-by-blow account of what had happened. The agency has lost several of its most important accounts. These are all words for a record of how much you owe for goods or services you have bought or used. An arrangement that somebody has with a company that allows them to use the internet, send and receive messages by email, social media, etc.

  • He gave a detailed account of what happened on the fateful night.
  • Report An account is a written or spoken report of something that has happened.
  • A record of the financial transactions relating to a specific person, property, business, etc.
  • The money left my account but there was no indication of where it had ended up.

If you can tie up your money for a while, fixed-term accounts tend to pay more. Is a detailed record of all the money that a business or a person receives and spends. Join Macmillan Dictionary on Twitter and Facebook for daily word facts, quizzes and language news. Select a letter below to view all accounting terms that begin with that letter. Several eyewitnesses’ accounts differed considerably from the official version of events. More examples I was relieved to see from my statement that my account was in credit. To provide a report on money received, kept, and spent.These are all words for a written or spoken account of events. A formal banking, brokerage, or business relationship established to provide for regular services, dealings, and other financial transactions. This accounting glossary isn’t an ordinary dictionary that you find in the back of one of your accounting textbooks. My accounting dictionary is written completely in everyday, non-accounting language, so you can understand it. I also explain each accounting term in detail and give examples of each, so you can understand the concepts behind the jargon. Many words used in the world of accounting, finance and business have specialized meanings.

On Account Of

Each month I transfer money from my business account to my personal account. He was called to account by his boss for failing to spot the mistake in the company’s records. With internet banking you can manage your account online. My mother-in-law had recently had a long stay in hospital and we were unable to access her accounts to pay bills. Both these accounts lock your money away unless you close the accounts of pay a penalty. We will settle accounts with them when the time comes. To exclude identifiable client money in house accounts from the distribution regime ran counter to that policy.

account definition & meaning

More examples Dinner was somewhat delayed on account of David’s rather tardy arrival. More examples She gave a clear, factual account of the attack. By all accounts, San Francisco is a city that’s easy to fall in love with. In the United States, the winter months account for about 50 to 80 percent of residential fuel consumption. Alexa and her ilk are built assuming normal, fluent speech; the language models don’t take into account atypical speech patterns. Every week, she puts a part of her paycheck into a separate account.An embittered Charlotte is determined to settle accounts with Elizabeth. Your accounts will need to be submitted to the tax office. Dr Richards describes this very well in his account of the events. Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.


Wage garnishment is a legal procedure in which a court permits a creditor to collect money from someone’s bank account or salary to repay a debt. A formal record of the debits and credits relating to the person, business, etc., named at the head of the ledger account. This chapter outlines the main financial reports included in the annual report and accounts of a business. Are detailed records of all the money that a person or business receives and spends. American definition and synonyms of account from the online English dictionary from Macmillan Education.The government couldn’t account for millions of dollars of the taxpayers’ money. I don’t see why they liked the movie, but there’s no accounting for taste. She gave the police a full/complete/detailed account of what happened. She’s decided to settle accounts with her old political rivals.In fact, some words are just made up for these professions. It is difficult to learn financial concepts, business structures, accounting principles if you don’t know what some accounting terms mean. That is why I created the My Accounting Course accounting term dictionary. Report An account is a written or spoken report of something that has happened.

Account For

This arrangement of the lower end is necessary on two accounts. The majority of complaints concerned difficulties in opening and closing accounts. The EU still accounts for nearly three-quarters of all exports. Designer shoes and lavish parties for clients were all chalked up to the company account. The money left my account but there was no indication of where it had ended up.

account definition & meaning

You can withdraw up to $1,000 a day from your account. On no account should the children be left alone at home.

Journal Entry

The word in the example sentence does not match the entry word. Jenny got the bill and said she’d charge it to the company account.Part is paid on account, and the rest is paid at the end of the period. 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. It’s better to have separate accounts and feed money into a joint account for shared bills. Alison drew some money out of her account to pay for our trip. An investigation revealed an acquaintance of the woman’s relative had gained access to her account information and created additional accounts. Any customer or client, especially one carried on a regular credit basis. A statement of reasons, causes, etc., explaining some event.DisclaimerAll content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. A sum of money deposited for checking, savings, or brokerage use. At bank If you have an account with a bank, you leave money with the bank and take it out when you need it. She has yet to detect any collapse but it will be a year before any trend shows in company accounts. The terms and conditions allow it to charge any bank account it has on your file. It handles two billion messages a day and accounts for a fifth of messaging traffic.Tens of thousands of people were killed and vast numbers are still not accounted for. Is a record kept by a business of invoices and payments for a customer. He gave a detailed account of what happened on the fateful night. This is the American English definition of account.View British English definition of account. Harold Averkamp has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on Add account to one of your lists below, or create a new one.

Cash Payback Method

Is also represented as a credit or debit somewhere else. All three Internet agencies boast they’ve won major accounts. With a bank or a similar organization, you have an arrangement to leave your money there and take some out when you need it.

Account Verb

Go and see the manager of the bank where your account is held. An arrangement that somebody has with a bank, etc. to keep money there, take some out, etc. One outcome of the secrecy at the first trial was that the media was only able to give partial accounts of the case. France still accounts for one quarter of foreign investment in the country. Running a church accounting department requires a variety of skills. Credit accounts for restaurants will soon be a thing of the past.Of affairs and events in England for about a hundred years past. If any of the silver is missing, I’m going to hold you to account. A balance of a specified period’s receipts and expenditures.

Account In American English

A precise list or enumeration of financial transactions. A record of the financial transactions relating to a specific person, property, business, etc. Is a written or spoken report of something that has happened. Select one of the following letters to view all accounting topics beginning with that letter.