open account

noun [C or U] E-COMMERCE, COMMERCE

Definition

› an agreement with a business that allows a customer to pay for goods at a later date within an agreed period: Exporters selling on open account to unknown buyers should have insurance to cover any losses.

(Definition of open account noun from the Cambridge Business English Dictionary © Cambridge University Press)

+ Free Dictionary Toolbar for Browsers
+ Add Dictionary Search to iGoogle and your website

+ Become a fan on Facebook
+ Follow us on Twitter!

Browse the Dictionary

op noun
opacity noun
opaque adjective
OPC noun
OPEC noun
open account noun
open adjective
open bid noun
open bidding noun
open book management noun
open border noun

Browse the Thesaurus

Business
Clothes
Education
Finance
Light and colour
Personal care

More Results for “open account”

open an account, at open verb

See all results »

Our dictionaries

British English
American English
Business English
Learner's Dictionary
Essential British English
Essential American English
English-Spanish
Español-inglés
English-Turkish

Word of the Day

hold water

If a reason, argument or explanation holds water, it is true

Word of the Day ►

Blog

Read our blog about how the English language behaves.

Learn More ►

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.