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Debt
Open account
The financial definition for
Open account
:
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger.
Similar Matches
Account Ad Valorem Duty
Account Ad Valorem Duty
An imported merchandise tax expressed as a percentage.
Account balance
Account balance
Credits minus debits at the end of a reporting period.
Account executive
Account executive
The brokerage firm employee who handles stock orders for clients. See: Broker.
Further Suggestions
Account Party
Account reconciliation
Account statement
Accounting earnings
Accounting insolvency
Accounting liquidity
Accounts payable
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Open account
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