Definition, Meaning & Synonyms
on-account
Adverb
/ˈɒn əˈkaʊnt/
Definition
On-account refers to a method of payment or an agreement where something is done or provided based on a prior arrangement, often involving a future settlement.
Examples
- She bought the books on-account, promising to pay the full amount next month.
- They allowed me to rent the apartment on-account until I received my paycheck.
Meaning
The term indicates that a transaction or arrangement is based on credit or a promise to pay later.
Synonyms
- On credit
- On loan
- On trust
