on account

The phrase 'on account' is versatile, used both in financial contexts and to indicate reasons or causes.

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Definition

B2Finance

(technical)Making a partial payment towards a larger sum to be settled later.

Example

  • I can't pay the full amount now, but here's $50 on account.

B1General

(colloquial)Due to a specific reason or cause.

Example

  • We postponed the trip on account of the heavy rain.

Similar

Terms that have similar or relatively close meanings to "on account":

on someone's accounton account ofdebit accounttime accountcast accountsfinal accountaccount foron one's own accountcurrent accounton the bookscredit balanceaccounts receivableaccounts payablecapital accountdebit balance