book account


Also found in: Dictionary, Thesaurus, Medical, Financial, Wikipedia.

book account

n. an account of a customer kept in a business ledger of debits and credits (charges and payments), which shows the amount due at any given time. This can provide a clear basis for suing for a debt. (See: account stated)

References in periodicals archive ?
Debt litigation changed from a world in which most of the debts sued upon were contracted on book accounts to one in which most arose from formal written credit instruments, primarily promissory notes, and from a world in which most debtors contested their creditors' claims when sued to one in which they did not.
PBUSE provides close to real time, accurate visibility of your property book account.
The committee decided that 5% deduction from the low paid employees may by spent on the repair of their quarters and separate salary book account may be opened in their name.
On his personal Face book account, he pointed out the reports made by a German magazine quoting Maliki saying that his plane was the target of a rocket.
Following these orders, the Group s net order book accounts to around $400 million as at Jan.
And now a book has been compiled which charts the school's development via a series of Log Book accounts that were uncovered by former school parent Eirionedd Baskerville.