open running account

open running account
An account based upon a connected series of transactions, without break or interruption. Riffith v Portlock, 233 Iowa 492, 7 NW2d 199. See open account; running account.

Ballentine's law dictionary. . 1998.

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  • running account — An open account. An account without break or interruption by settlement or adjustment. Riffith v Portlock, 233 Iowa 492, 7 NW2d 199. An account of running or current dealings between the parties kept unclosed with the expectation of the addition… …   Ballentine's law dictionary

  • running account — An open unsettled account, as distinguished from a stated and liquidated Running accounts mean mutual accounts and reciprocal demands between the parties, which accounts and demands remain open and unsettled. See also charge account revolving… …   Black's law dictionary

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  • open and continuous account — See continuous account; running account …   Ballentine's law dictionary

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  • open and current account — An account based upon running or concurrent dealings between the parties, which has not been closed, settled, or stated, and in which the inclusion of further dealings between the parties is contemplated. Plunkett Jarrell Grocery Co. v Terry, 222 …   Ballentine's law dictionary

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