Account

1. Banking - noun.

A balance held with a financial institution to facilitate transactions, such as a bank account or securities account.

2. Bookkeeping - accounting - noun.

A division of a ledger for entries recording related transactions.

3. Verb - record keeping and reporting.

To maintain financial and other records and to produce appropriate summary reports.

4. Verb - accountability.

To explain an organisation's actions and omissions, in a formal capacity as a responsible officer or body, accepting accountability.

See also