no-account

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1. purchase or sale on credit. For example, the journal entry for a sale on account is to debit accounts receivable and credit sales.


2. partial payment on an obligation.


100%APPORTIONED COST DRIVER type of cost driver that relies entirely on an informed estimator's judgment of how much cost should be traced to each cost object and to which cost objects. Does not provide rates per unit of the cost driver (for predictive planning).


1-2-3 integrated business computer program, developed by Lotus Development Corporation (now part of IBM), that combines a spreadsheet program, a database manager, and a graphic program. It is commonly used in accounting applications allowing for worksheet preparation, projections, and handling what-if scenarios.

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adjective

Lacking all worth and value: drossy, good-for-nothing, inutile, no-good, valueless, worthless. Slang nothing. See value/worthlessness/evaluation.

In part payment of a debt, as in He paid half the amount on account. [Early 1600s]

An accounting term that denotes partial payment of an amount owed or the purchase/sale of merchandise or a service on credit. For example, if a firm purchases $5,000 worth of merchandise on account, this refers to the purchase of the goods on credit and a deferral of payment.

Investopedia Says:
Most lenders will accept payments on account. All installment payments of any kind, including mortgage payments, could be considered payments on account. Any purchases with credit can be referred to as purchases on account.

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For a list of words related to no-account, see:

• Morality or Character

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See words rhyming with "no-account."