payment of an account
121on account of — A common phrase in an order for the payment of money; not an indication of a particular fund for payment. First Nat. Bank v Lightner, 74 Kan 736, 88 P 59. A form of restrictive indorsement. 11 Am J2d B & N § 362 …
122on account — n. Partial payment. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …
123settlement on account — index composition (agreement in bankruptcy), discharge (payment) Burton s Legal Thesaurus. William C. Burton. 2006 …
124individual retirement account rollover — individual retirement account ( IRA) rollover A provision of the law governing IRA s that enables a retiree or anyone receiving a lump sum payment from a pension, profit sharing, or salary reduction plan to transfer the amount into an IRA.… …
125on\ account — adv. phr. As part payment of a debt; to lessen the amount owed. John paid $10 down and $5 on account each month for his bicycle …
126Transfer dr account — The account number and currency, which belongs to the ordering party, to debit the payment order …
127on account — see payment on account …
128open account — An account the balance on which has not been ascertained; one which has not been closed, settled, or stated, and in which the inclusion of further dealings between the parties is contemplated. Anno: 1 ALR 1060 s. 39 ALR 369, 57 ALR 201. A… …
