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Open Account

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Open Account
Sales understanding where transactions are made without written debt agreements. A receipt is signed by buyer and the sale is recorded in the sales ledger by seller.

Random Finance Terms for the Letter O

  • One-Way Market
  • OPEC (Organization of Petroleum Exporting Countries)
  • Open Account
  • Open Interest
  • Open Book
  • Open Contracts
  • Open Interest
  • Open Listing
  • Open (Good-Till-Cancelled) Order

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