OPEN ACCOUNT is a non-guaranteed payment arrangement, e. G. Similar to department store credit. Goods are purchased and delivered without payment. Future payment for delivered goods is dependent on the good faith of the purchaser.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). open account. Retrieved September 22, 2026, from http://smartdefine.org/open_account/definitions/1159669 |
| Chicago | Barry Goldsmith. 2010. "open account" http://smartdefine.org/open_account/definitions/1159669 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, open account, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/open_account/definitions/1159669>. |
| MLA | Barry Goldsmith. "open account" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/open_account/definitions/1159669> |