open account
An account the balance on which has not been ascertained; one which has not been closed, settled, or stated, and in which the inclusion of further dealings between the parties is contemplated. Anno: 1 ALR 1060 s. 39 ALR 369, 57 ALR 201. A transaction some of the terms of which have not been agreed upon, such as the price to be paid, or the time for payment. Anno: 1 ALR 1060, s. 39 ALR 369, 57 ALR 201.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • open account — Trading on the basis that payment will be debited to the customer s account and settled on the basis of the payment terms applicable to that account. Easyform Glossary of Law Terms. UK law terms. open account n. (1) An unsettl …   Law dictionary

  • Open Account — (vgl. engl. „Offene Rechnung“) definiert Zahlungen im Auslandszahlungsverkehr, welche nicht mittels Akkreditiv oder Dokumenteninkasso abgesichert werden. Inhaltsverzeichnis 1 Arten 2 Vorgang 3 Siehe auch 4 Einzelnachweise …   Deutsch Wikipedia

  • open account — noun 1. credit extended by a business to a customer • Syn: ↑credit account, ↑charge account • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit • Hyponyms: ↑ …   Useful english dictionary

  • Open account — Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger. The New York Times Financial Glossary * * * open account UK US noun [C or U] E COMMERCE, COMMERCE ►… …   Financial and business terms

  • open account — Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger . Bloomberg Financial Dictionary * * * open account UK US noun [C or U] E COMMERCE, COMMERCE ► an… …   Financial and business terms

  • open account — account of expenses that can be used without limit; account in a collection of accounts which is brought up to date automatically …   English contemporary dictionary

  • open account. — See current account (def. 1). [1895 1900] * * * …   Universalium

  • open account — /ˌəυpən ə kaυnt/ noun an account where the supplier offers the purchaser credit without security …   Marketing dictionary in english

  • open account — /ˌəυpən ə kaυnt/ noun an account where the supplier offers the purchaser credit without security …   Dictionary of banking and finance

  • open account. — See current account (def. 1). [1895 1900] …   Useful english dictionary

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