open account


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Noun1.open account - credit extended by a business to a customer
charge account credit, open-end credit, revolving credit - a consumer credit line that can be used up to a certain limit or paid down at any time
revolving charge account - a charge account that does not have to be paid to zero balance
2.open account - an unpaid credit order
bill-me order, credit order - an order that is received without payment; requires billing at a later date
References in classic literature ?
I believe I had no money to buy them, but there was an open account, or a comity, between the printer and the bookseller, and I must have been allowed a certain discretion in regard to getting books.
If any person, who doesn't have bank account in any of the banks, can easily open account at any of the branches of the Bank.
He said the targeted group would be allowed to open account without meeting the strict 'Know Your Customer' requirements like utility bills, international passports etc.
The complainant said he was residing in Canada and was unable to open account in UBL without physical presence in Pakistan and urged that his pension amount may be transferred to his old National bank of Pakistan account till the matter is solved.
KARACHI -- The State Bank of Pakistan (SBP) has allowed the advance import payments up to $10,000 or equivalent per invoice and imports on open account basis up to the said limit against lifesaving drugs, medical instruments, aircraft parts, newspapers, magazines and books etc.
KARACHI -- In order to safeguard the interest of business community, President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik has advised the State Bank of Pakistan (SBP) to postpone the last date for abolition of 'Open Account Facility' for Importers from August 10, 2018 to September 30, 2018.
More than two-thirds of FCIB members polled who sell here do so on open account.
9428) amending the definition of open account debt, which may significantly affect when an S corporation shareholder recognizes gain on the repayment of such debt.
Keith alleged in the suit that it delivered "various items of merchandise on open account" for which Taylor hasn't paid, according to documents filed in Pulaski County Circuit Court.
The taxpayers argued that all the advances were a single, open account measured at yearend.
Desert Quest (5.05 Cheltenham, nap)The form of his debut over hurdles when runner-up was franked by Rimsky on Saturday; he has benefited from the experience and fancied to open account.Shalako (3.20 Cheltenham)Bumped into a well-handicapped individual on seasonal debut and, with the yard in fine form, another big run anticipated.
In Zimbabwe some payments are made on an open account, but it's becoming more usual to use bills of exchange and confirmed irrevocable letters of credit, as is the case in many other African countries.