Posts by admin

account debtor.See DEBTOR. [Blacks Law 8th]

account book.A journal in which a business’s transactions are recorded. See SHOP BOOKS. [Blacks Law 8th]

accountant’s lien.See LIEN. [Blacks Law 8th]

accountant of court.Scots law. An official of the Court of Session who exercises supervision over  the  accounts  of  court-appointed  managers  and  receivers  of  estates,  such  as  trustees  in bankruptcy and guardians of incompetent persons. [Blacks Law 8th]

accountant–client privilege.See PRIVILEGE(3). [Blacks Law 8th]

accountant.  1.  A  person  authorized  under  applicable  law  to  practice  public  accounting;  a person  whose  business  is  to  keep  books  or  accounts,  to  perform  financial  audits,  to  design  and control  accounting  systems,  and  to  give  tax  advice.  •  For  some  purposes,  the  term  includes  a professional  accounting  association,  a  corporation,  and  a  part-nership,  if  they …

accountable receipt.See RECEIPT.  [Blacks Law 8th]

accountable,adj.  Responsible;  answerable  <the  company  was  held  accountable  for  the employee’s negligence>. — accountability,n. [Blacks Law 8th]

account,n.1.ACCOUNTING(3) <the principal filed an action for account against his agent>. — Also spelled (archaically) accompt. “The action of account lies where one has received goods or money for another in a fiduciary capacity, to ascertain and recover the balance due. It can only be maintained where there is such a relationship between the parties,…

accouchement (<<schwa>>-koosh-m<<schwa>>nt or ak-oosh-mawn). [French] Childbirth. [Blacks Law 8th]