AND ACCOUNTANTS, BOOK-KEEPING.) As a stock exchange term, "account" is used in several senses : (I) The periodical settlements occurring, in London, monthly for British Government and a few other first-class securities, and fortnightly for all others.
(2) The period between two settlements. A 19-day account is one in which 19 days elapse between one pay day and another.
(3) The volume' or condition of commitments. A speculator is said to have a large account open when he has dealt heavily either for the rise or fall.
An account is also any statement as to acts or conduct, or quite simply any narrative report of events, etc. A further sense development is that of esteem, consideration. (G. L. C.)