Accountʹ
.To open an account, to euter a customer’s name on your ledger for the first time. (Latin, accomputāre, to reckon with.)
To keep open account is when merchants agree to honour each other’s bills of exchange.
A current account or “account current, a/c. A commercial term, meaning that the customer is entered by name in the creditor’s ledger for goods purchased but not paid for at the time. The account runs on for a month or more, according to agreement.
To cast accounts. To give the results of the debits and credits entered, balancing the two, and carrying over the surplus.