open account
Defined in 6 dictionaries — Case Law, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Black's (1891)
Definitions from Case Law
From 323 U.S. 111 - Smith v. Davis · 1944Most cited · 142 citing opinions
It is an unsettled claim or demand made by the creditor which appears in his account books. It is not evidenced by any written document whereby the United States, the debtor, has promised to pay this claim at a certain time in the future; nor is there any binding acknowledgement by the United States of the correctness of the claim.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A running or unsettled account.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A running or unsettled account; not completely settled, but subject to future adjustment. Sheppard v. Wilkins, 1 Ala. 62; Dolhonde v. Laflrans, 21 La. Ann.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
An account which has not been finally settled or closed, but is still running or open to future adjustment or liquidation. Open account, in legal as well as in ordinary language, means an indebtedness subject to future adjustment, and which may be reduced or modified by proof. Nisbet v. Lawson. 1 Ga. 275 ; Gayle v. Johnston, 72 Ain. 254, 47 Am. Ren. 405; McCamant v. Batsell, 59 Tex. 368; Purvis v. Kroner, 18 Or. 414, 23 Pac. 26O.
Defined under Account in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
An account which has not been finally settled or closed, but is still running or open tu future adjustment or liquidation. Open account, in legal as wellas in ordinary language, means an indebtedness subject to future adjustment, and which may be reduced or modified by proof.. 1 Ga. 275.