What is the meaning of on account?

Describes the application of a payment to reduce the outstanding principal of a loan.

Barry Goldsmith
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APABarry Goldsmith. (2010). on account. Retrieved September 20, 2026, from http://smartdefine.org/on_account/definitions/1159601
ChicagoBarry Goldsmith. 2010. "on account" http://smartdefine.org/on_account/definitions/1159601 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, on account, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/on_account/definitions/1159601>.
MLABarry Goldsmith. "on account" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/on_account/definitions/1159601>