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Business English vocabulary · Numbers and Money

On account

Meaning in business english, with examples

phraseAdvanced term

In business english, on account means: As a partial payment toward an amount owed, leaving the balance to settle later.

In Turkish: mahsuben, kısmi ödeme olarak

How it is used

In this payment sense, it means an amount toward a balance. Do not confuse it with on account of, which means because of.

Example sentences

  1. We paid 2,000 euros on account and will settle the remaining balance after delivery.

    The payment reduces the amount owed without settling it entirely.

  2. Please show the amount already paid on account when you issue the final invoice.

    The final bill must recognize the earlier partial payment.

Common collocations

  • pay on account
  • a payment on account
  • invoiceA document sent by a seller that lists the goods or services provided and states how much the buyer must pay and by when.
  • termsThe conditions of an agreement or contract that both sides accept, such as the price, payment dates, delivery and responsibilities.

More terms: Numbers and Money

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