open account

/ˌoʊpən əˌkaʊnt/

Other forms: open accounts

Definitions of open account

1. noun

   an unpaid credit order
   type of:

   bill-me order, credit order

   an order that is received without payment; requires billing at a later date
2. noun

   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