account

noun
ac·​count | \ ə-ˈkau̇nt How to pronounce account (audio) \

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 account
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 forcouldn't account for the loss
2a : to be the sole or primary factor used with forThe left fielder accounted for all three putouts.
b : to bring about the capture, death, or destruction of something used with forEnemy fighters accounted for two of the bombers.

transitive verb

1 : to think of as : consider accounts himself lucky
2 : to probe into : analyze

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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
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Recent Examples on the Web: Noun Grab your bank statements, mortgage and car loan documents, and retirement account information. Washington Post, "Trying to plan for retirement during the pandemic? We made a bot to help you.," 22 May 2020 To access these savings, create an account after selecting one of Modsy’s interior design packages to get started. Isabelle Kagan, USA TODAY, "All the best Memorial Day sales to shop for 2020," 21 May 2020 Alaskans with direct-deposit bank accounts generally receive the payments first. Morgan Krakow, Anchorage Daily News, "Gov. Dunleavy: Alaskans will receive Permanent Fund dividend checks starting July 1," 21 May 2020 As Money reports, your tax return may have included an error, which could be everything from an incorrect Social Security number to a calculation mistake to an incorrect bank account number. William Thornton | Wthornton@al.com, al, "Why haven’t I gotten my tax refund?," 21 May 2020 Kaylee Remington reports the Cuyahoga County Emergency Operations Center sent out an email Tuesday morning reminding people that agencies would never ask for a person’s Social Security number or bank account number in a call. Cliff Pinckard, cleveland, "Gov. Mike DeWine lifts Ohio’s safe-at-home order: The Wake Up for Wednesday, May 20, 2020," 20 May 2020 In March of 2018, only months after Call Me By Your Name premiered in cinemas, an Instagram account by the name of @cmbynmonet — Call Me By Monet — went viral. Eliza Huber, refinery29.com, "The Beautiful World Of Timothée Chalamet Instagram Art," 20 May 2020 Also, people without a bank account and those sheltering in place can use the cards without leaving home or paying fees to a check casher. Kathleen Pender, SFChronicle.com, "IRS sends stimulus payments on debit cards, hires staff for new phone line," 19 May 2020 In a traditional rent strike, the tenants will continue paying their rent into an escrow account until a settlement is reached, usually in court. Emily Witt, The New Yorker, "“Can’t Pay May”: Making Rent in New York City During the Pandemic," 18 May 2020 Recent Examples on the Web: Verb Florida bass usually account for about half (7 million to 8 million) of the annual total. Matt Williams, Dallas News, "Not a typical spring season," 9 May 2020 Payroll employment at eating and drinking places was down by 5.5 million in April, accounting for more than a quarter of all job losses last month. Los Angeles Times, "Unemployment hits 14.7% in April. How long before 20.5 million lost jobs come back?," 8 May 2020 So the model accounts for these different scenarios. Isaac Chotiner, The New Yorker, "When Will It Be Safe to End Coronavirus Lockdowns?," 8 May 2020 The analysis showed that even when accounting for socio-economic factors along with age and health, black people are still 1.9 times more likely to die from coronavirus. NBC News, "Eerily empty French beaches will remain closed even after lockdown eases," 7 May 2020 Jefferson, Mobile and Marshall – accounted for 111 new coronavirus cases in the last day. Leada Gore | Lgore@al.com, al, "3 Alabama counties combine for 111 new coronavirus cases in the last day; 8,699 cases statewide," 7 May 2020 Single adults accounted for nearly 91% of all apprehensions that month, according to statistics. Rafael Carranza, azcentral, "U.S. has turned away 20,000 migrants at border since coronavirus restrictions began," 7 May 2020 Rodents alone accounted for more than 60% of all the diseases transmitted from animals to people, the researchers found. Abrahm Lustgarten, ProPublica, "How Climate Change Is Contributing to Skyrocketing Rates of Infectious Disease," 7 May 2020 Fortunately for Sansiri, most of its customers are local, accounting for around 95% of sales, Srettha said. Natnicha Chuwiruch, Bloomberg.com, "Thai Developer Cuts Prices to Stress Sales Over Profit in Crisis," 5 May 2020

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.

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First Known Use of account

Noun

14th century, in the meaning defined at sense 1c

Verb

14th century, in the meaning defined at transitive sense 1

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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Time Traveler for account

Time Traveler

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

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Statistics for account

Last Updated

25 May 2020

Cite this Entry

“Account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/account. Accessed 4 Jun. 2020.

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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
How to pronounce account (audio)

English Language Learners Definition of account

 (Entry 1 of 2)

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

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

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

Legal Definition of account (Entry 2 of 2)

: to give a financial account a duty to account

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More from Merriam-Webster on account

Thesaurus: All synonyms and antonyms for account

Rhyming Dictionary: Words that rhyme with account

Spanish Central: Translation of account

Nglish: Translation of account for Spanish Speakers

Britannica English: Translation of account for Arabic Speakers

Comments on account

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