Definition of Running account

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TeachMeFinance.com - explain Running account




historic definition...

Running account -- Same as open or current account; a continuing account in which settlement is made at intervals, as every 30 days, 60 days or twelve months.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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