On account: denotes responsibility, causation, and accounting obligation affecting commercial and legal treatment. The expression "on account" denotes responsibility, causation or consideration in ordinary usage, while in legal and commercial contexts it encompasses ... Summary
On account: denotes responsibility, causation, and accounting obligation affecting commercial and legal treatment.
The expression "on account" denotes responsibility, causation or consideration in ordinary usage, while in legal and commercial contexts it encompasses accounting relationships and obligations to render an account of moneys; dictionaries and legal lexica (including Black's Law Dictionary and Ramanatha Aiyer) support these meanings and a cited case is referenced for usage.
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