Account

1. an oral or written description of particular events or situations; narrative: an account of the meetings; an account of the trip. 2. an explanatory statement of conduct, as to a superior. 3. a statement of reasons, causes, etc., explaining some event. 4. reason; basis: On this account I'm refusing your offer. 5. importance; worth; value; consequence: things of no account. 6. estimation; judgment: In his account it was an excellent piece of work. 7. an amount of money deposited with a bank, as in a checking or savings account: My account is now with Third National. 8. Also called charge account. an accommodation or service extended by a business to a customer or client permitting the charging of goods or services, the returning for credit of unsatisfactory merchandise, etc.: Do you have an account at this store? My account with the restaurant is past due. 9. a statement of financial transactions. 10. Bookkeeping. a formal record of the debits and credits relating to the person, business, etc., named at the head of the ledger account. a balance of a specified period's receipts and expenditures. 11. Commerce. a business relation in which credit is used. any customer or client, especially one carried on a regular credit basis. Also called advertising account. the business assigned to an advertising agency by a client: The toothpaste account was awarded to a new agency last year.