open current account


open current account
See open and current account.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • current account — noun 1. that part of the balance of payments recording a nation s exports and imports of goods and services and transfer payments • Hypernyms: ↑accounting • Part Holonyms: ↑balance of payments, ↑balance of international payments 2. a bank account …   Useful english dictionary

  • open and current account — An account based upon running or concurrent dealings between the parties, which has not been closed, settled, or stated, and in which the inclusion of further dealings between the parties is contemplated. Plunkett Jarrell Grocery Co. v Terry, 222 …   Ballentine's law dictionary

  • current account — An open or running or unsettled account between two parties; the antithesis of an account stated. + An open, running, or unsettled account between two parties …   Black's law dictionary

  • current account — An open or running or unsettled account between two parties; the antithesis of an account stated. + An open, running, or unsettled account between two parties …   Black's law dictionary

  • current account — 1. Also called open account. an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods. 2. (in certain foreign countries) a checking …   Universalium

  • current account — An open account, a running account. Anno: 51 ALR2d 334. An account based upon running or concurrent dealing between the parties which has not been closed, settled, or stated, and which is kept unclosed with the expectation of further transactions …   Ballentine's law dictionary

  • mutual, open, and current account — A mutual account which has not been closed, settled, or stated, but in which the inclusion of further dealings between the parties is contemplated. 34 Am J1st Lim Ac § 96 …   Ballentine's law dictionary

  • Open Buy Back — Open Buy Back, OBB, is a discountable securities traded in the Nigerian Inter Bank financial market. An Open Buy Back is a money market instrument used to raise short term capital. It is a form of borrowing using Nigerian Government Securities as …   Wikipedia

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • account — I n. description report 1) to give, render an account 2) an accurate, true; biased, one sided; blow by blow, detailed, full; eyewitness; fictitious; first hand; running; vivid account (she gave a detailed account of the incident) 3) newspaper,… …   Combinatory dictionary


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