account

noun

ac·count | \ ə-ˈkau̇nt

Definition of account

(Entry 1 of 2)

1a : a record of debit (see debit entry 2 sense 1a) and credit (see credit entry 1 sense 2d) entries to cover transactions involving a particular item or a particular person or concern

b : a statement of transactions during a fiscal period and the resulting balance

c archaic : reckoning, computation

2a : a statement explaining one's conduct She was asked to give an account of her actions.

b : a statement or exposition of reasons, causes, or motives no satisfactory account of these phenomena

c : a reason for an action : basis On that account I must refuse.

3a(1) : a formal business arrangement providing for regular dealings or services (such as banking, advertising, or store credit) and involving the establishment and maintenance of an account a checking account also : client, customer They are one of our most important accounts.

(2) : money deposited in a bank account and subject to withdrawal by the depositor

b : an arrangement in which a person uses the Internet or e-mail services of a particular company

4a : value, importance It's of no account to me.

b : esteem stood high in their account

5 : advantage turned her wit to good account

6a : careful thought : consideration have to take many things into account

b : a usually mental record : track Keep account of all you do.

7 : a description of facts, conditions, or events : report, narrative the newspaper account of the fire By all accounts they're well-off. also : performance a straightforward account of the sonata

give a good account of oneself

: to perform well especially in a competition or confrontation : to acquit oneself well Though he has an aristocratic bearing, he could probably give a good account of himself in a street fight. —Ishmael Reed

on account

: with the price charged to one's account purchasing on acccount

on account of

: for the sake of : because of The game was cancelled on account of rain.

on no account

: under no circumstances On no account should the children be left alone at home.

on one's own account

1 : on one's own behalf I'm doing it on my own account, not for anyone else.

2 : at one's own risk

3 : by oneself : on one's own

account

verb

accounted; accounting; accounts

Definition of account (Entry 2 of 2)

intransitive verb

1 : to furnish a justifying analysis or explanation —used with for couldn't account for the loss

2a : to be the sole or primary factor —used with for The left fielder accounted for all three putouts.

b : to bring about the capture, death, or destruction of something —used with for Enemy fighters accounted for two of the bombers.

transitive verb

1 : to think of as : consider accounts himself lucky

2 : to probe into : analyze

Synonyms & Antonyms More Example Sentences Learn More about account

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Examples of account in a Sentence

Noun

the difference between the debit and credit sides of an account We always keep very good accounts. We opened new accounts at a bank last week. I took out my money and closed my account. You can withdraw up to $1,000 a day from your account. Every week, she puts a part of her paycheck into a separate account. setting up a bank account

Verb

account themselves lucky to be alive

Recent Examples on the Web: Noun

By June 2016, information from the DCCC employees had given the Russians access to 33 DNC accounts as well. — Ronald J. Hansen, azcentral, "Arizona servers used by Russian hackers to monitor Democrats, feds say," 13 July 2018 It was supposed to be this bigtime Showtime documentary and it was passed on to me by a speakers bureau.’’ On Thursday, Cohen appeared to respond to Palin’s account of the interview via a character named Billy Wayne Ruddick Jr., who Cohen retweeted. — Bethonie Butler, BostonGlobe.com, "Here’s how Sacha Baron Cohen fools celebrities into embarrassing interviews, starting with ‘Da Ali G Show’," 13 July 2018 Along Dixie Highway and Ralph Avenue, both lanes will remain open during the repair, according to the Louisville Water Twitter account. — Kate Talerico, The Courier-Journal, "Two water main breaks could affect rush hour traffic," 12 July 2018 According to accounts, Emmett allegedly whistled at Carolyn Bryant, a white woman who worked at the store. — Deneen L. Brown, Washington Post, "Emmett Till’s mother opened his casket and sparked the civil rights movement," 12 July 2018 Three men tried to use a fake Florida drivers license to again access to a bank account in Harris County that had more than $200,000, law enforcement officials said. — Elizabeth Myong, Houston Chronicle, "Fake Florida ID tied to Harris County fraud case," 12 July 2018 Welcome to #TBT Mixtape, Billboard's series that showcases artists' very own throwback-themed playlists exclusive to Billboard's Spotify account. — Nick Williams, Billboard, "Listen to Børns' #TBT Mixtape, Featuring the Songs 'Embedded' in His Musical DNA," 12 July 2018 Children's Mercy said its IT team discovered unauthorized access to multiple employee email accounts in December 2017 and January 2018. — Kelsey Ryan, kansascity, "Children’s Mercy faces class action lawsuit over data breach affecting thousands," 10 July 2018 Billions of dollars raised through the bond offerings were almost immediately routed to bank accounts connected to figures in the probe, including Messrs. Low and Najib, investigators have said. — Nicole Hong, WSJ, "Former Goldman Banker Is in Plea Talks Over Malaysian 1MDB Scandal," 9 July 2018

Recent Examples on the Web: Verb

Shelter and rent costs, which account for about a third of overall consumer spending, rose 0.1% in June from May and were up 3.4% from a year earlier. — Paul Kiernan, WSJ, "Inflation Is Eating Away Worker Wage Gains," 12 July 2018 Free trade would not apply to services, which account for 80 percent of the British economy. — Washington Post, "Trump says May’s Brexit plan would kill UK-US trade deal," 12 July 2018 The single biggest source of dollars for Charlotte Douglas is parking, which accounted for $59.3 million, or more than 27 percent of the airport's revenue. — Ely Portillo, charlotteobserver, "Charlotte’s airport manages ‘tricky balance’ between low-cost hub and fancy new gates," 12 July 2018 The next closest rival is Samsung, which accounts for 28.86 percent of phones sold in the UK in 2018 so far. — Fox News, "Owning an Apple iPhone is the best way to prove you're rich - replacing mustard," 10 July 2018 The multi-phase project encompasses a number of elements, beginning with major changes for Terminal 1, which accounts for more than half of the total project cost. — Lori Weisberg, sandiegouniontribune.com, "Airport releases environmental analysis of $3B plan to redevelop terminals," 10 July 2018 Karius was later revealed to have been playing with a concussion for much of the match, which could account for his glaring errors which led to two of Real Madrid's three goals. — SI.com, "Barcelona Goalkeeper Prepared to Submit Transfer Request Amid Rumours of Liverpool Interest," 9 July 2018 The administration has terminated the program for Sudan, Nicaragua, Nepal, Haiti and notably El Salvador, which accounted for more holders of the special status than any other nation. — NBC News, "Homeland Security extends special immigration status for some Yemenis," 6 July 2018 Labor and professional services costs were higher than budgeted, which accounts for about $200,000. — David Gutman, The Seattle Times, "Seattle streetcar needs extra $500,000 to cover last year’s costs," 6 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'account.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

History and Etymology for account

Noun

Middle English acounte, accompt, borrowed from Anglo-French acunte, acounte, noun derivative of acunter "to account entry 2"

Verb

Middle English accounten, acounten, accompten "to count, compute, evaluate, give an account of," borrowed from Anglo-French acunter, acompter, from a-, prefix forming transitive verbs (going back to Latin ad- ad-) + cunter, compter "to count entry 1"

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Dictionary Entries near account

Statistics for account

Last Updated

1 Sep 2018

Look-up Popularity

Time Traveler for account

The first known use of account was in the 14th century

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More Definitions for account

on account

noun

Financial Definition of on account

What It Is

On account is a term that describes situations in which a customer makes a partial payment for goods or services purchased.

How It Works

In the business world, buying things on account is the same as creating accounts payable. For example, let's assume that Company XYZ orders $1 million in widget parts from its supplier.

Company XYZ pays the supplier $100,000 and puts the other $900,000 on account. This basically means it will pay the rest later -- let's say in 60 days.

Why It Matters

Buying things on account is similar to saying, "put it on my tab." Eventually, however, you have to pay the tab. In our example, the transaction requires careful accounting. Once Company XYZ places its order and/or receives the parts, it will increase its inventory account by $1 million, decrease its cash by $100,000, and increase its accounts payable by $900,000. When 60 days has passed and Company XYZ pays the invoice, it will reduce cash by $900,000 and reduce its accounts payable by $900,000.

Technically, any kind of installment loan (such as your mortgage or car loan) is akin to putting something on account. In the business world, putting things on account usually creates accounts payable (or A/P). A/P is a liability, and as such, it appears on the balance sheet.

In turn, when accounts payable go down, this is considered a use of cash on the company's cash flow statement, and as such, it reduces the company's working capital (defined as current assets minus current liabilities). When accounts payable goes up, this is considered a source of cash on the company's cash flow statement because the company is "stretching out" the time it takes to pay its invoices and thus not using cash as quickly.

Source: Investing Answers

account

noun

English Language Learners Definition of account

(Entry 1 of 2)

: a record of money that has been paid and money that has been received

accounts : records of income and expenses

: an arrangement in which a bank keeps a record of the money that a person puts in and takes out of the bank

account

verb

English Language Learners Definition of account (Entry 2 of 2)

: to think of (someone or something) in a specified way

See the full definition for account in the English Language Learners Dictionary

account

noun

ac·count | \ ə-ˈkau̇nt \

Kids Definition of account

(Entry 1 of 2)

1 : a record of money received and money paid out

2 : an arrangement with a bank to hold money and keep records of transactions

3 : an arrangement for regular dealings with a business

4 : an arrangement in which a person uses the Internet or e-mail services of a particular company

5 : a statement of explanation or of reasons or causes You'll be asked to give an account of your actions.

6 : a statement of facts or events : report Give me an account of the game.

7 : worth entry 2 sense 1, importance It's of no account to them what I think.

on account of

: because of We cancelled on account of the rain.

on someone's account

: because of someone Don't stay on my account.

account

verb

accounted; accounting

Kids Definition of account (Entry 2 of 2)

: to think of as He accounted himself lucky.

account for

1 : to take into consideration She didn't account for extra costs.

2 : to give an explanation How do you account for your success?

3 : to be the cause of The flu accounts for many absences.

4 : to make up or form Women account for half the employees.

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account

noun

ac·count

Legal Definition of account

(Entry 1 of 2)

1a : a record of debit and credit entries to cover transactions involving a particular item (as cash or notes receivable) or a particular person or concern

b : a statement of transactions during a fiscal period showing the resulting balance —sometimes used in the pl. trustees filed annual accounts as required by statute —W. M. McGovern, Jr. et al.

2 : a periodically rendered reckoning (as one listing charged purchases and credits)

3 : a sum of money or its equivalent deposited in the common cash of a bank and subject to withdrawal at the option of the depositor

4 : a right under Article 9 of the Uniform Commercial Code to payment for goods or services which is not contained in an instrument or chattel paper and that may or may not have been earned by performance