Book account

Term · Law · MLC-T-LAW-000763

A detailed record of financial transactions, typically maintained by a business, showing debits and credits between parties. This account reflects an ongoing series of transactions, such as sales on credit or services rendered, and is used to track amounts owed or due. It serves as evidence of indebtedness in legal disputes over unpaid balances.

Table 1. Record
Identifier	MLC-T-LAW-000763
Field	Law

Record as JSON

{
  "id": "MLC-T-LAW-000763",
  "term": "Book account",
  "field": "Law",
  "definition": "A detailed record of financial transactions, typically maintained by a business, showing debits and credits between parties. This account reflects an ongoing series of transactions, such as sales on credit or services rendered, and is used to track amounts owed or due. It serves as evidence of indebtedness in legal disputes over unpaid balances.",
  "url": "https://mlchart.com/terminology/law/book-account/"
}

Record 566 of 5,441 in Law terminology (MLC-0107). Request the full dataset.