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oozy (2)
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open account
o·pen ac·count (plural o·pen ac·counts)


noun 
Definition:
 
sale without debt contract: an arrangement by which sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in a ledger.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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