Running Account
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
An open unsettled account, as distinguished from a stated and liquidated account. "Running accounts mean mutual accounts and reciprocal demands between the parties, which accounts and demands remain open and unsettled."
Brackenridge v. Baltzell, 1 Ind. 335; Leonard v. U. S., 18 Ct Cl. 385; Picker v. Fitzellu, 28 App. Div. 519, 51 N. Y. Supp. 205.