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(ă-kownt′)
[Fr. acompte, aconte, acunte, a reckoning]
1. In business, finance, and banking, a relationship between a client and an institution for provision of regular transactions and other services to the client.
2. In business, finance, and banking, the money deposited by a client for provision of regular transactions and other services.
3. In business, finance, and banking, a detailed chronological listing of transactions for the client.
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(ă-kownt′)
[Fr. acompte, aconte, acunte, a reckoning]
1. In business, finance, and banking, a relationship between a client and an institution for provision of regular transactions and other services to the client.
2. In business, finance, and banking, the money deposited by a client for provision of regular transactions and other services.
3. In business, finance, and banking, a detailed chronological listing of transactions for the client.
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