running account

running account — index ledger Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

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

running account — /rʌnɪŋ əˈkaʊnt/ (say runing uh kawnt) noun an account kept with a shop, business, etc., so that goods can be supplied as needed, the total debt being paid at agreed intervals …   Australian-English dictionary

running account — noun : current account 1 …   Useful english dictionary

running account credit — a facility under a personal credit agreement whereby the debtor is enabled to receive from time to time (whether in his own person or by another person) from the creditor or a third party cash, goods and services (or any of them) to an amount in… …   Law dictionary

running-account credit — A personal credit agreement that enables a person to receive loans from time to time from a bank or other lender provided that a specified credit limit is not exceeded. Interest is charged on the amount loaned during any period …   Big dictionary of business and management

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

running — [run′iŋ] n. 1. the act of a person or thing that runs (in various senses); racing, managing, proceeding, etc. 2. the condition of a track with reference to its use in a race 3. a) that which runs, or flows b) the amount or quantity that runs adj …   English World dictionary

running — n. & adj. n. 1 the action of runners in a race etc. 2 the way a race etc. proceeds. adj. 1 continuing on an essentially continuous basis though changing in detail (a running battle). 2 consecutive; one after another (three days running). 3 done… …   Useful english dictionary

account — Synonyms and related words: a reckoning of, account current, account for, account of, account rendered, account stated, accounting, accounts, acquaintance, acta, adjudge, adjudicate, advantage, aggregate, allow, allow for, allowance, amount,… …   Moby Thesaurus