Open Account (Noun)
Meaning 1
An unpaid credit order.
Classification
Nouns denoting communicative processes and contents.
Hypernyms
Meaning 2
Credit extended by a business to a customer.
Classification
Nouns denoting possession and transfer of possession.
Examples
- To facilitate easy transactions, the store manager decided to open an account for the company's regular purchases.
- A personal guarantee is required for business owners to open an account with a significant credit limit.
- We encourage customers to open an account to receive special discounts on our services.
- It usually takes two days for new accounts to be verified, allowing the business to open an account with extended credit.
- Most vendors are happy to open an account with an existing client with an excellent credit history.