Account Definition–noun | 1. | an oral or written description of particular events or situations; narrative: an account of the meetings; an account of the trip. | | 2. | an explanatory statement of conduct, as to a superior. | | 3. | a statement of reasons, causes, etc., explaining some event. | | 4. | reason; basis: On this account I'm refusing your offer. | | 5. | importance; worth; value; consequence: things of no account. | | 6. | estimation; judgment: In his account it was an excellent piece of work. | | 7. | an amount of money deposited with a bank, as in a checking or savings account: My account is now with Third National. | | 8. | Also called charge account. an accommodation or service extended by a business to a customer or client permitting the charging of goods or services, the returning for credit of unsatisfactory merchandise, etc.: Do you have an account at this store? My account with the restaurant is past due. | | 9. | a statement of financial transactions. | | 10. | Bookkeeping. | a. | a formal record of the debits and credits relating to the person, business, etc., named at the head of the ledger account. | | b. | a balance of a specified period's receipts and expenditures. | | | 11. | Commerce. | a. | a business relation in which credit is used. | | b. | any customer or client, esp. one carried on a regular credit basis. | | c. | Also called advertising account. the business assigned to an advertising agency by a client: The toothpaste account was awarded to a new agency last year. | | –verb (used without object) | 12. | to give an explanation (usually fol. by for): to account for the accident. | | 13. | to answer concerning one's conduct, duties, etc. (usually fol. by for): to account for the missing typewriters. | | 14. | to provide a report on money received, kept, and spent. | | 15. | to cause (usually fol. by for): The humidity accounts for our discomfort. His reckless driving accounted for the accident. | –verb (used with object) | 16. | to regard; consider as: I account myself well paid. | | 17. | to assign or impute (usually fol. by to): the many virtues accounted to him. | —Idioms | 18. | call to account, | a. | to hold accountable; blame; reprimand: Call them to account for having endangered their lives. | | b. | ask for an explanation of. | | | 19. | give a good (bad, etc.) account of, to do something or conduct oneself in a good (bad, etc.) manner: She gave a good account of herself in the tennis tournament. | | 20. | hold to account, to hold responsible; hold accountable or culpable: If any of the silver is missing, I'm going to hold you to account. | | 21. | on account, as an installment or a partial payment: I can't pay the balance, but here's $10 on account. | | 22. | on account of, | a. | by reason of; because of. | | b. | for t
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he sake of: She saw it through on account of me. | | | 23. | on all accounts, in any case; under any circumstances. Also, at all accounts. | | 24. | on no account, under no circumstances; absolutely not: On no account should you buy that painting without having it appraised. | | 25. | take account of, | a. | to make allowance for; consider: One must take account of the difficult circumstances. Taking account of the high overhead, the price is not excessive. | Also, take into account. | | 26. | turn to account, to derive profit or use from; turn to advantage: She has turned her misfortunes to account. | |
From Dictionary
Receivable Definition–adjective | 1. | fit for acceptance; acceptable. | | 2. | awaiting receipt of payment: accounts receivable. | | 3. | capable of being received. | –noun | 4. | receivables, business assets in the form of obligations due from others. | |
From Dictionary
Collection Definition–noun
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| 1. | the act of collecting. | | 2. | something that is collected; a group of objects or an amount of material accumulated in one location, esp. for some purpose or as a result of some process: a stamp collection; a collection of unclaimed hats in the checkroom; a collection of books on Churchill. | | 3. | the works of art constituting the holdings of an art museum: a history of the museum and of the collection. | | 4. | the gathered or exhibited works of a single painter, sculptor, etc.: an excellent Picasso collection. | | 5. | collections, the various holdings of an art museum organized by category, as painting, sculpture, works on paper, photography, or film: the director of the collections. | | 6. | the clothes or other items produced by a designer, esp. for a seasonal line: the spring collection. | | 7. | a sum of money collected, esp. for charity or church use. | | 8. | Manège. act of bringing or coming into a collected attitude. | |
From Dictionary
Related topics from Britannicabusiness finance
Accounts receivable are the credit a firm gives its customers. The volume and terms of such credit vary among businesses and among nations; for manufacturing firms in the United States, for example, ...
factoring
in finance, the selling of accounts receivable on a contract basis by the business holding them-in order to obtain cash payment of the accounts before their actual due date-to an agency known as a ...
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A balance sheet describes the resources that are under a company's control on a specified date and indicates where these resources have come from. As an overview of the company's financial position, ...
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Related topics from Ask NewsQ308 M&A Activity in Account Receivable Management / Debt Collection ...
DiGiTAL50 - Found Oct. 15, 2008
- The total deal value for mergers and acquisitions in the debt collection / account receivable management industry is at $1.8 billion at the end of
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Q308 M&A Activity in Account Receivable Management / Debt Collection ...
Business Wire - Found Oct. 15, 2008
Md.--(BUSINESS WIRE)--The total deal value for mergers and acquisitions in the debt collection / account receivable management industry is at...
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Q308 M&A Activity in Account Receivable Management / Debt Collection ...
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Cash and Carry: Cash Management Carries Your Firm Through Tough ...
American Bar Association - Found Dec. 21, 2008
... of collecting on accounts receivable and then ... cover worst case scenarios in the collection and ... for any dispute is on the account ...
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2008-338 Yak Communications (Canada) Corp.'s application to make ...
CRTC - Found Dec. 19, 2008
... make interim rates for billing and collection service ... Yak submitted that the BCS processing charges rates per account receivable billed ...
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Quiksilver, Inc. F4Q08 (Qtr End 10/31/08) Earnings Call Transcript
Seeking Alpha - Found Dec. 18, 2008
... from internal resources such as improved accounts receivable collection, inventory efficiency ... Taking these factors into account we believe
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Cause and collect
Landscape Management - Found Dec. 18, 2008
... the collected to go the agency for each account. ... receivable process through a Web-based system saves time and money in managing debt ...
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When the going gets tough keep the cash flowing
Best Practice - Found Dec. 17, 2008
... credit arrangements and cash collection rather than ... financing terms from multiple vendors through short-term account receivable and ...
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China Medical Technologies F2Q08 (Qtr End 9/30/08) Earnings Call ...
Seeking Alpha - Found Dec. 18, 2008
Just to follow-up on that, understandably historically the account receivable days for HIFU is ... we find that actually the collection from the
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Cangene announces strong first quarter financial results; net income ...
Pharma Live - Found Dec. 16, 2008
... from increased accounts receivable, which ... which reflects plasma collection activities and ... your InfoPass Account now!
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