Meaning OPEN ACCOUNT: Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger
More terms such as Open account in Dictionary O.
- Definition Operating Risk:
- Examples The inherent or fundamental risk of a firm, without regard to financial risk. The risk that is created by operating leverage. Also called business risk open account definition.
- Definition Opportunity Costs:
- Examples the performance of an actual investment and a desired investment adjusted for fixed costs and execution costs. When not all desired trades can be implemented. Most valuable alternative that is given open account explain.
- Definition Optimum Capacity:
- Examples The amount of manufacturing output that creates the lowest cost per unit open account what is.
- Definition Open-End Credit:
- Examples Revolving line of credit that is extended with every purchase or cash advance open account meaning.
- Definition Opportunity Cost Of Capital:
- Examples Expected return that is forgone by investing in a project rather than in comparable financial securities open account abbreviation.
