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.

Look at other dictionaries:

  • 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

  • account — I n. description report 1) to give, render an account 2) an accurate, true; biased, one sided; blow by blow, detailed, full; eyewitness; fictitious; first hand; running; vivid account (she gave a detailed account of the incident) 3) newspaper,… …   Combinatory dictionary

  • account — /ə kaυnt/ noun 1. a record of financial transactions over a period of time, such as money paid, received, borrowed or owed ● Please send me your account or a detailed or an itemized account. 2. (in a shop) an arrangement which a customer has to… …   Marketing dictionary in english

  • account — /ə kaυnt/ noun 1. a record of financial transactions over a period of time, such as money paid, received, borrowed or owed ● Please send me your account or a detailed or an itemised account. 2. (in a shop) an arrangement which a customer has to… …   Dictionary of banking and finance

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

  • Open-space technology — (OST) is an approach for hosting meetings, conferences, corporate style retreats, and community summit events, focused on a specific and important purpose or task but beginning without any formal agenda, beyond the overall purpose or theme.… …   Wikipedia

  • open — verb To render accessible, visible, or available; to submit or subject to examination, inquiry, or review, by the removal of restrictions or impediments @ open a case In practice, to open a case is to begin it; to make an initiatory explanation… …   Black's law dictionary

  • Open Data in the United Kingdom — There have been campaigns in the UK for its government to open up the large amounts of data it has for greater public usage without prohibitively large fees. Currently UK public sector data are released under a Creative Commons compatible license …   Wikipedia

  • 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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