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Account
• Please send me your account or a detailed or an itemized account. Expense Account = money which a busiinessman is allowed by his company to spend on travelling and entertaining clients in connection with his business • He charged his hotel bill to his expense account. (b) (in a shop) arrangement which a customer has to buy goods and pay for them at a later date (usually the end of the month) : to have an account or a charge account or a credit account with Harrods • Put it on my account. (c) (of a customer) to open an account = to ask a shop to supply goods which you will pay at a later date (d) (of a shop) to open an account or to close an account = to start or to stop supplying a customer on credit : To settle an account = to pay all the money owed on an account. To stop an account = to stop supplying a customer until he has paid what he owes : On account = as part of a total bill To pay money on account = to pay to settle part of a bill Advance on account = money paid as a part payment (e) customer who does a large amount of business with a firm and has an account • He is one of our largest accounts. Account Executive = employee who looks after certain customers or who is the link between certain customers and his company (f) the accounts of a business or a company's accounts = detailed record of a company's financial affairs To keep the accounts = to write each sum of money in the account book • The accountant's job is to enter all the money received in the accounts. Annual Accounts = accounts prepared at the end of a financial year Management Accounts = financial information (sales, expenditure, credit and profitability) prepared for a manager so that he can take decisions Profit and Loss Account = accounts for a company with expenditure and income balanced to show a final profit or loss Accounts Department = department in a company which deals with money paid, received, borrowed or owed Accounts Manager = manager of an accounts department Accounts Payable = money owed by a company Accounts Receivable = money owed to a company (g) Bank Account or Banking Account (US) = arrangement to keep money in a bank Building Society Account Savings Bank Account Giro Bank Account Lloyds Account • He has an account with Lloyds. To take money out of your account or to withdraw money from your account Budget Account = bank account where you plan income and expenditure to allow for periods when expenditure is high Current Account or Cheque Account or Checking Account (US) = account which pays no interest but from which the customer can withdraw money when he wants by writing cheques Deposit Account = account which pays interest but on which notice usually has to be given to withdraw money External Account = account in a British bank of someone who is living in another country Frozen Account = account where the money cannot by used or moved because of a court order Joint Account = account for two people • Most married people have joint accounts so that they can each take money out when they want it. Overdrawn Account = account where you have taken out more money than you have put in (i.e. where the bank is lending you money) Savings Account = account where you put money in regularly and which pays interest, often at a higher rate than a deposit account To open an account = to start an account by putting money in • She opened an account with the Halifax Building Society. To close an account = to take all money out of a bank account and stop the account • He closed his account with Lloyds. (h) (Stock Exchange) period of credit (usually fourteen days) at the end of which you must pay for shares bought Account Day = day on which shares which have been bought must be paid for • Share prices rose at the end of the account or the account end. (i) Notice To take account of inflation or to take inflation into account = to assume that there will be a certain percentage inflation when making calculations (j) Account : verb : to account for = to explain and record a money dea To account for a loss or a discrepancy • The reps have to account for all their expenses to the sales manager. Business Dictionary Index |
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