account stated

noun
account stat·ed | \ -ˈstā-təd \
plural accounts stated

Legal Definition of account stated 

: an account presented by a creditor to his or her debtor which by implied or express acceptance has been agreed upon by both parties as correct

Learn More about account stated

Share account stated

Comments on account stated

What made you want to look up account stated? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

an open space surrounded by woods

Get Word of the Day daily email!

Test Your Vocabulary

Name that Food Quiz

How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!