Financial Record

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ACCOUNT

Definition 1:
A record of money that has been paid and money that has been received :bill see also expense account.

Examples:
The difference between the debit and credit sides of an account
Definition 2:
Records of income and expenses .

Examples:
We always keep very good accounts.
An accounts department
The company’s accounts show a profit this year: our accounts receivable exceed our accounts payable. [=the money owed to us exceeds the money we owe]
Definition 3:
An arrangement in which a bank keeps a record of the money that a person puts in and takes out of the bank often used before another noun see also checking account savings account.

Examples:
We opened new accounts at a bank last week.
I took out my money and closed my account.
You can withdraw up to $1,000 a day from your account.
Every week, she puts/deposits a part of her paycheck into a separate account.
Setting up a bank account
My wife and I keep our money in a joint account. [=an account that both of us can use]
Please enter your name and account number.
You can check your account balance [=the amount of money in your account] on the Internet.
Definition 4:
A company’s record of the products or services used by a customer and of the money that the customer owes or has paid to the company see also charge account credit account In figurative use, to settle an account or to settle accounts with someone is to do something that brings a final end to an argument, disagreement, etc. .

Examples:
I don’t have the money right now. Put it on my account. = Charge it to my account.
If you return the clothes, the store will credit your account. [=you will not have to pay for the clothes]
When do you intend to settle your account? [=pay what you owe]
She’s decided to settle accounts with her old political rivals.
Definition 5:
A business arrangement in which a person or company regularly buys products or services from a particular company .

Examples:
She makes sure that all of the company’s accounts [=customers, clients] make the necessary payments.
We just lost the Smith account.
That company was one of our biggest/best accounts.
She will be our account manager. [=the person who manages our account]
Definition 6:
An arrangement in which a person uses the Internet or e-mail services of a particular company .

Examples:
I use two separate e-mail accounts.
Definition 7:
A description of an event or situation :a story or report about something often + of .

Examples:
Personal/firsthand/eyewitness accounts from the war
According to one account, the party was a complete disaster.
She gave the police a full/complete/detailed account of what happened.
We read an account of her trip to Paris.
A written account of his long and successful career
Definition 8:
A list or description of facts .

Examples:
Our goal is to give an accurate account of the process.
An account of how the system works
The document is an account of the country’s reasons for going to war.
Definition 9:
A reason or explanation for an action often used in the formal phrase on that account .

Examples:
You will be asked to give an account of your actions. [=to explain the reasons for your actions]
He could give no account of what he did with the money.
I hope we won’t lose our friendship on that account. [=for that reason]
Definition 10:
Value or importance used in the phrases of no account and of little account see also no-account.

Examples:
He felt that his opinions were of no account to the others. [=he thought that the other people didn’t care about his opinions]
It’s of little account what I may think about it.

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