account stated

Definition of "account stated"
  1. An agreement between a debtor and a creditor that confirms the amount the debtor owes as of a certain date
How to use "account stated" in a sentence
  1. The account stated indicated that he owed $5000 for the services rendered.
  2. She paid a portion of the account stated without protest, accepting the full amount owed.
  3. The company used an account stated to confirm the exact amount due from the customer.
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