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RUNNING ACCOUNT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An open unset-tied account, as distinguished from a stated and liquidated account Running accounts mean mutual accounts and reciprocal demands between the parties, which accounts and demands remain open and unsettled.1 Brackenrldge v. Baltzell, 1 Ind. 335; Leonard v. U. S., 18 Ct CI. 385; Picker v. Fitzelle, 28 App. Div. 519, 51 N. Y. Supp. 205.

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