account

¹ac·count

noun \ə-ˈkau̇nt\

Definition of ACCOUNT

1

archaic : reckoning, computation

2

a : a record of debit and credit entries to cover transactions involving a particular item or a particular person or concern b : a statement of transactions during a fiscal period and the resulting balance

3

a : a statement explaining one's conduct b : a statement or exposition of reasons, causes, or motives <no satisfactory account of these phenomena> c : a reason for an action : basis <on that account I must refuse>

4

a : a formal business arrangement providing for regular dealings or services (as banking, advertising, or store credit) and involving the establishment and maintenance of an account; also : client, customer b : money deposited in a bank account and subject to withdrawal by the depositor

5

a : value, importance <it's of no account to me> b : esteem <stood high in their account>

6

: advantage <turned her wit to good account>

7

a : careful thought : consideration <have to take many things into account> b : a usually mental record : track <keep account of all you do>

8

: a description of facts, conditions, or events : report, narrative <the newspaper account of the fire> <by all accounts they're well-off>; also : performance <a straightforward account of the sonata>

— on account

: with the price charged to one's account

— on account of

: for the sake of : by reason of

— on no account

: under no circumstances

— on one's own account

1

: on one's own behalf

2

: at one's own risk

3

: by oneself : on one's own

Examples of ACCOUNT

1. the difference between the debit and credit sides of an account
2. We always keep very good accounts.
3. We opened new accounts at a bank last week.
4. I took out my money and closed my account.
5. You can withdraw up to $1,000 a day from your account.
6. Every week, she puts a part of her paycheck into a separate account.
7. setting up a bank account

Origin of ACCOUNT

Middle English acounte, accompte, from Anglo-French acunte, from acunter

First Known Use: 14th century

Related to ACCOUNT

Synonyms: chronicle, chronology, commentary (usually commentaries), history, narration, narrative, record, report, story

Antonyms: uselessness, worthlessness

Related Words: version; deposition, documentation, testament, testimonial, testimony, witness; annals, blog, diary, journal, log, logbook, memoir; minutes, procès-verbal; anecdote, tale, yarn; epic, saga; gest (or geste), romance; recital, recitation; case history, case study

Near Antonyms: inapplicability, inappropriateness

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Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with ACCOUNT

amount, blood count, demount, discount, dismount, high-count, point count, recount, remount, seamount, surmount, viscount