What does account stated mean?
Definitions for account stated
ac·count stat·ed
This dictionary definitions page includes all the possible meanings, example usage and translations of the word account stated.
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Wikipedia
Account stated
Under United States law, account stated is a statement between a creditor (the person to whom money is owed) and a debtor (the person who owes) based upon a series of prior transactions that a particular amount is owed to the creditor as of a certain date. Often the account stated is a bill, invoice or a summary of invoices, signed by the customer or sent to the customer who pays part or all of it without protest. An account stated may also be established when the debtor retains the statement of account (for example the bill or invoice) without objecting, for a reasonable length of time. "Reasonable" is determined by looking at the surrounding circumstances. An account stated is in the nature of a kind of settlement between the parties, such as when a person receives a bank statement, is capable and even obligated to check the math within a specified period of time, otherwise the account as between the parties is thus "stated." The key element is either the express agreement or an agreement implied by law under all the facts and circumstances.
Numerology
Chaldean Numerology
The numerical value of account stated in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of account stated in Pythagorean Numerology is: 2
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"account stated." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/account+stated>.
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