account settled


account settled
One in which the balance has been in fact paid, thereby differing from an account stated

Black's law dictionary. . 1990.

Look at other dictionaries:

  • account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… …   Black's law dictionary

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • account — 1 noun 1 DESCRIPTION (C) a) a written or spoken description which gives details of an event: There were several different accounts of the story in the newspapers. | give an account: David gave us a vivid account of his trip to Rio. | blow by blow …   Longman dictionary of contemporary English

  • Settled — Settle Set tle, v. t. [imp. & p. p. {Settled}; p. pr. & vb. n. {Settling}.] [OE. setlen, AS. setlan. [root]154. See {Settle}, n. In senses 7, 8, and 9 perhaps confused with OE. sahtlen to reconcile, AS. sahtlian, fr. saht reconciliation, sacon to …   The Collaborative International Dictionary of English

  • account day — noun : the final day of the account days : settlement day * * * account day noun A designated day on which accounts are settled on the London Stock Exchange • • • Main Entry: ↑account …   Useful english dictionary

  • settled account — An account which has been paid. 1 Am J2d Acctg § 21. In loose usage, an account stated …   Ballentine's law dictionary

  • settled old scores — reminded him of petty debts, settled an account with him, acted pettily with him …   English contemporary dictionary

  • account day — (U.K.) Fin the day on which an executed order is settled by the delivery of securities, payment to the seller, and payment by the buyer. This is the final day of the accounting period …   The ultimate business dictionary

  • settled an account — ended arrangements with a bank, closed accounts …   English contemporary dictionary

  • settled account — /ˌset(ə)ld ə kaυnt/ noun an arrangement between two parties who agree the accounts between them …   Dictionary of banking and finance


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