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open account

DEFINITIONS OF: open account

1

n an unpaid credit order

Type of:
bill-me order, credit order
an order that is received without payment; requires billing at a later date

n credit extended by a business to a customer

Synonyms:
charge account, credit account
Types:
revolving charge account
a charge account that does not have to be paid to zero balance
Type of:
charge account credit, open-end credit, revolving credit
a consumer credit line that can be used up to a certain limit or paid down at any time
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