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account| General term for a statement of pecuniary transactions between two parties. |
| According to English law, an ‘account stated’ is one in which both debtor and creditor have agreed to the balance. The debtor is not, however, precluded from showing the existence of error, but if the account has been actually settled by payment it can be reopened only upon proof of fraud. A ‘settled account’ is a written statement, agreed to by both parties as correct, of the final position of two accounts. |
account| On a computer network, a user ID issued to a specific individual to enable access to the system, files, and other shared resources that they require. The existence of accounts allows system administrators to assign access privileges to specific individuals (which in turn enables those individuals to receive private messages such as e-mail) and also to track the use of the computer system and its resources. |
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