Running Account
Defined in 3 dictionaries — Cyclopedic (1922), Bouvier (1914), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
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." Blackford, J., 1 Ind. (Carter) 335.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
An open account. See 2 Pars. Contr. 351; Account; Merchants* Accounts; Limitations.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
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.