A category of personal property defined by Article 9 of the UCC. Under the pre-2000 version of Article 9, an account is a right to receive payment for goods sold or leased, or for services rendered, where these rights are not evidenced by an instrument or by chattel paper. Under the revised Article 9, the definition of accounts is much broader. The revised definition covers a much wider variety of payment obligations, whether or not earned by performance, including license fees payable for the use of software, credit card receivables, and healthcare insurance receivables. American Banker Glossary

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accounts UK US /əˈkaʊnts/ noun ACCOUNTING
[plural] the set of official records that show the financial situation of a company and what it has spent, received, borrowed, etc. in a particular period: »

The company's accounts reveal that its highest-paid director received a salary of €307,000.

annual/monthly/quarterly accounts »

In its first full set of annual accounts, the company recorded a pre-tax loss of €93,377.

latest/most recent accounts »

The latest accounts for the year ending March 31 show that sales dipped by $1.4m to $19m.


The company secretary is responsible for submitting the audited accounts to the Registrar of Companies.

[U] the department in a company or organization that prepares its financial information: »

I received a memo from a junior clerk in accounts.

See also ABBREVIATED ACCOUNTS(Cf. ↑abbreviated accounts), ANNUAL ACCOUNTS(Cf. ↑annual accounts), APPROVED ACCOUNTS(Cf. ↑approved accounts), AUDITED ACCOUNTS(Cf. ↑audited accounts), CLUB ACCOUNTS(Cf. ↑club accounts), COMPANY ACCOUNTS(Cf. ↑company accounts), CONSOLIDATED ACCOUNTS(Cf. ↑consolidated accounts), FINAL ACCOUNTS(Cf. ↑final accounts), GROUP ACCOUNTS(Cf. ↑group accounts), INTERIM ACCOUNTS(Cf. ↑interim accounts), NOMINAL ACCOUNT(Cf. ↑nominal account), PUBLIC ACCOUNT(Cf. ↑public account), REAL ACCOUNTS(Cf. ↑real accounts)

Financial and business terms. 2012.

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