Account closed
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
An account to which no further additions can be made on either side, but which remains still open for adjustment and set-off, which distinguishes it from an account stated.
Bass v. Bass, 8 Pick. (Mass.) 187; Volkening v. De Graaf, 81 N. Y. 268; Mandeville v. Wilson, 5 Cranch, 15, 3 L. Ed. 23.