Law Dictionary Definitions

accounting  for  fruits.Civil  law.  A  claim  for  the  return  of  natural  or  civil  fruits  against  an adverse  possessor  or  other  person  obligated  by  law  or  contract  to  account  for  fruits.  See FRUIT(2). [Blacks Law 8th]

accounting.  1.  The  act  or  a  system  of  establishing  or  settling  financial  accounts;  esp.,  the process of recording transactions in the financial records of a business and periodically extracting, sorting, and summarizing the rec-orded transactions to produce a set of financial records. — Also termed financial accounting. 2.  A rendition  of an account, either  voluntarily…

account for. 1. To furnish a good reason or convincing explanation for; to explain the cause of. 2. To render a reckoning of (funds held, esp. in trust).3. To answer for (conduct).

account executive.See STOCKBROKER. [Blacks Law 8th]

account duty.See DUTY(4). [Blacks Law 8th]

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]