What is On account?
On account definition and meaning on Dictionary terms:
an oral or written description of particular events or situations; narrative: an account of the meetings; an account of the trip.
an explanatory statement of conduct, as to a superior.
a statement of reasons, causes, etc., explaining some event.
reason; basis: On this account I’m refusing your offer.
importance; worth; value; consequence: things of no account.
estimation; judgment: In his account it was an excellent piece of work.
an amount of money deposited with a bank, as in a checking or savings account: My account is now with Third National.
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.
a statement of financial transactions.
Bookkeeping. a formal record of the debits and credits relating to the person, business, etc., named at the head of the ledger account. a balance of a specified period’s receipts and expenditures.
Commerce. a business relation in which credit is used. any customer or client, especially one carried on a regular credit basis.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)
to give an explanation (usually followed by for): to account for the accident.
to answer concerning one’s conduct, duties, etc. (usually followed by for): to account for the missing typewriters.
to provide a report on money received, kept, and spent.
to cause (usually followed by for): The humidity accounts for our discomfort. His reckless driving accounted for the accident.
verb (used with object)
to regard; consider as: I account myself well paid.
to assign or impute (usually followed by to): the many virtues accounted to him.