Law Dictionary Definitions

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]

accordant   (<<schwa>>-kor-d<<schwa>>nt),   adj.   In   agreement   <accordant   with   these principles>. [Blacks Law 8th]

accord and satisfaction.An agreement to substitute for an existing debt some alternative form of  discharging  that  debt,  coupled  with  the  actual  discharge  of  the  debt  by  the  substituted performance. • The new agreement is called the accord, and the discharge is called the satisfaction. Cf.  COMPROMISE;  NOVATION;  SETTLEMENT(2),  (3).  [Cases:  Accord  and  Satisfaction 1.C.J.S. Accord…

accord,n.1.  An  amicable  arrangement  between  parties,  esp.  between  peoples  or  nations; COMPACT; TREATY. 2.  An  offer to  give  or to accept a stipulated  performance  in the  future to satisfy  an  obligor’s  existing  duty,  together  with  an  acceptance  of  that  offer.  •  The  performance becomes what is known as a satisfaction. — Also termed executory accord;…

accompt. See ACCOUNT(1). [Blacks Law 8th]

accomplice witness.See WITNESS. [Blacks Law 8th]