TeachMeFinance.com - explain For account of whom it may concern
For account of whom it may concern -- Said of a sale the
proceeds of which are to go to the one on whose behalf or for
whose benefit it is made. The term is commonly used in auction
sales when the name of the seller is withheld.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.