Meaning & Definition of word "Account"

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.