Meaning & Definition of word "Account"

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    Account

    /əˈkaʊnt/

    noun:

    • 1. A record of financial transactions, typically maintained by a bank or organization.
      • Example: She opened a savings account to manage her finances better.
    • 2. A report or description of an event or experience.
      • Example: He gave a detailed account of his travels in Europe.
    • 3. A statement of the balance of debits and credits for an individual or an organization.
      • Example: The accountant prepared the annual account for the company.

    verb:

    • 1. To consider or regard in a specified way.
      • Example: We must account for all expenses in the budget.
    • 2. To explain or justify an action or situation.
      • Example: She had to account for her absence at the meeting.

    Etymology

    From Old French 'acompte', from Latin 'computare' which means 'to calculate'.

    Common Phrases and Expressions

    account for:

    to consider or include something in an explanation or plan.

    take into account:

    to consider something when making a decision.

    on account of:

    because of; due to.

    give an account of:

    to provide an explanation or report about something.

    account to:

    to be responsible to someone for something.

    Related Words

    accountant:

    a person responsible for financial record-keeping.

    accountability:

    the quality of being responsible for one's actions.

    accounting:

    the process of recording financial transactions.

    Slang Meanings of account

    Meaning: An online profile or user registration.

    Example Sentence: I need to create a new account to log into the game.

    Meaning: A report or explanation.

    Example Sentence: Give me the account of what happened at the party.