ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
OPEN ACCOUNT Definition
OPEN ACCOUNT is a non-guaranteed payment arrangement, e.g. similar to department store credit. Goods are purchased and delivered without payment. Future payment for delivered goods is dependent on the good faith of the purchaser.
Learn new Accounting Terms
COLON (COLONES) is a currency of Costa Rica and El Salvador.
BUFFER STOCK see STOCK RESERVE.
