DICTIONARY OF COMMERCIAL TERMS
Acceptance—When a draft or bill of exchange is presented to the payer, he writes across the face "Accepted" or "Accepted for payment at ..." and signs his name. It is then termed an acceptance.
Accommodation Note—A note given without consideration of value received; usually done to enable the payee to raise money.
Account—
(a) A statement of debits and credits.
(b) A record of transactions with a particular person or persons, or with respect to a particular object.
Account Books—Books in which records of business transactions or accounts are kept.
Account Current—An account of transactions during the present month, week, or other current period. An open account.
Account Sales—A statement in detail covering sales, expenses, and net proceeds made by a commission merchant to one who has consigned goods to him.