n. a statement between a creditor or perhaps the person to whom cash is owed and a debtor (the person who owes) that a certain amount is owed to your seller by a particular day. Often the account reported is a bill, invoice or a directory of invoices, signed by the consumer or delivered to the customer which pays part or all of it without protest. This is really important when a frustrated businessman sues for "account stated" which sets the debtor's liability together with exact quantity the debtor need to pay, which is easier than claiming a debt flow from and payable. A free account reported may carry a longer statute of limits (time to file suit) than another types of financial obligation depending on the state.
the cash that two events acknowledge in small-claims judge.
sum of cash that litigant parties acknowledge (expressly or by implication) once the amount being claimed in a judge situation.