Account
/əˈkaʊnt/
Definitions
- (n.) A record or statement of financial expenditure and receipts relating to a particular period or purpose.
The company kept detailed accounts of its transactions.
- (n.) A report or description of an event or experience.
She gave a vivid account of the incident.
- (v.) To give an explanation or justification for something.
He was asked to account for the missing funds.
Forms
- accounting
- accounte
- accounts
- accounted
Related terms
See also
Commentary
In legal contexts, 'account' often refers to detailed financial reports or the obligation to explain financial dealings; drafting should specify the context to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.