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Account
Definition 1 Accounting: Chronological record of changes in the value of an entity's assets, liabilities, and the owners' equity; each of which is represented by a separate page in the ledger. See also accounting equation and accounts. Definition 2 Banking: Continuing financial relationship between a bank and a customer, in which deposits and debts are held and processed within a framework of established rules and procedures. Definition 3 Commerce: On-going contractual relationship between a buyer and seller whereby payment for goods received is made at a later time (usually 30 days). See also charge account and open account. Definition 4 Law: Obligation of each party to a contract or partnership to account to other(s) for amounts received or due. Definition 5 Services: Client of an advertising, brokerage, consulting, marketing, or public relations firm.

Administration
Definition 1 Law: Collection of assets comprising the estate of a deceased by a court-appointed administrator to pay off deceased's debts, and to distribute the remaining assets to the estate's beneficiaries. Definition 2 Management: Interpretation of the policy set by an organization's board of directors, and its translation into executive action.

Agent
1. One who exerts power, or has the power to act; an actor. 2. One who acts for, or in the place of, another, by authority from him; one intrusted with the business of another; a substitute; a deputy; a factor. 3. An active power or cause; that which has the power to produce an effect, such as a physical, chemical, or medicinal agent; as, heat is a powerful agent. 4. (Biochem., Med.) a chemical substance having biological effects; a drug.

Agreement
1. State of agreeing; harmony of opinion, statement, action, or character; concurrence; concord; conformity; as, a good agreement subsists among the members of the council. 2. (Gram.) Concord or correspondence of one word with another in gender, number, case, or person. 3. (Law) A concurrence in an engagement that something shall be done or omitted; an exchange of promises; mutual understanding, arrangement, or stipulation; a contract.

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