open account

English - Turkish

Definition of open account in English Turkish dictionary

açık hesap

(Ticaret) kredili satış hesabı

(Ticaret) veresiye hesabı

Related Terms

open an account

hesap açtırmak

open a bank account

banka hesabı açmak

i would like to open an account

hesap açtırmak istiyorum

open an account

hesap açmak

English - English

Definition of open account in English English dictionary

Arrangement whereby sales are made with no formal debt contract The buyer signs a receipt, and the seller records the sale in the sales ledger

Under an open account arrangement, the seller ships merchandise to the consignee in the foreign country with no guarantee of payment Unless the buyer is of unquestionable integrity an open account can be risky to the seller

A trade arrangement in which goods are shipped to a foreign buyer before, and without written guarantee of, payment Because this method poses an obvious risk to the supplier, it is essential that the buyer's integrity be unquestionable

The seller/exporter supplies terms of payment to the buyer and ships the merchandise prior to receiving payment This affords little to no protection for the seller/exporter and is generally used only between parties who have a long-standing business relationship

account of expenses that can be used without limit; account in a collection of accounts which is brought up-to-date automatically

credit extended by a business to a customer

A trade arrangement in which goods are shipped to a foreign buyer without guarantee of receiving payment

An account that is still active or still being paid

A trade arrangement in which goods are shipped to a foreign buyer w/o the guarantee of payment Use of this payment method is based on relationships andwhen the buyer has a continuing need for the seller's product or service

an unpaid credit order

A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment The obvious risk this method poses to the supplier makes it essential that the buyer's integrity be unquestionable

This is the practice of shipping goods as soon as an order is received and then invoicing your purchaser for payment within a set term This approach is common in domestic transactions and saves the exporter some expense and paperwork, but is also risky

Credit extended that is not supported by a note or Letter of Credit

Trading method in which goods are dispatched to a buyer and paid for after they have been received

A term of payment in which no banks are involved, Just an agreement between seller and buyer that payment will be made within a specified period of time

A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment The risk this poses to the seller makes it essential that the buyer’s integrity be unquestionable

A trade agreement in which goods are shipped to a foreign buyer without guarantee of payment Obviously, the buyer's integrity must be impeccable

An account that is active, still in use, or is still being paid

when goods are shipped to a foreign buyer without guarantee of payment

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Competitive method of settling a transaction without the use of negotiable instrument evidencing obligation to pay

Method of payment for goods Seller and buyer agree on payment terms; freight and necessary documents are sent to buyer The buyer generally has 60 to 90 days to reimburse the seller (with no interest charges) The seller carriers all the risk in this situation

Related Terms

open an account

set up an account (in a bank, store, etc.)

Hyphenation

o·pen ac·count

Turkish pronunciation

ōpın ıkaunt

Pronunciation

/ˈōpən əˈkount/ /ˈoʊpən əˈkaʊnt/

Etymology

[ 'O-p&n, -p& ] (adjective.) before 12th century. Middle English, from Old English; akin to Old High German offan open, Old English up up.