Closed Account

Business, Legal & Accounting Glossary

Definition: Closed Account

Closed Account

Full Definition of Closed Account

An account that has been deactivated at the request of the account holder or by the action of the provider in which no additional adjustments may be made. It represents the final, detailed statement of account activities between the two parties.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Closed Account. Payroll & Accounting Heaven Ltd.
December 06, 2021
Chicago Manual of Style (CMS):
Closed Account. Payroll & Accounting Heaven Ltd. (accessed: December 06, 2021).
American Psychological Association (APA):
Closed Account. Retrieved December 06, 2021
, from website:

Definition Sources

Definitions for Closed Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.