Definition of Account classification

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TeachMeFinance.com - explain Account classification



Account classification

The way in which suppliers of electricity, natural gas, or fuel oil classify and bill their customers. Commonly used account classifications are "Residential," "Commercial," "Industrial," and "Other." Suppliers' definitions of these terms vary from supplier to supplier. In addition, the same customer may be classified differently by each of its energy suppliers.



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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