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 Ark 784, 263 SW2d 229, 44 ALR2d 917. See current account; open account.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
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 current account — See open and current account … Ballentine's law dictionary
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
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
Open Dental — Practice Management Software Original author(s) Dr. Jordan Sparks … Wikipedia
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
open — o|pen1 W1S1 [ˈəupən US ˈou ] adj ▬▬▬▬▬▬▬ 1¦(door/container etc)¦ 2¦(eyes/mouth)¦ 3¦(not enclosed)¦ 4¦(not covered)¦ 5 the open air 6¦(business/building etc)¦ 7¦(not restricted)¦ 8¦(opportunity)¦ 9¦(not secret)¦ 10¦ … Dictionary of contemporary English
account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… … Black's law dictionary