Also known as: a/c. · AC · account · current account
Written by attorneys · grounded in primary & secondary sources — see below
An abbreviation denoting an account, referring to a formal record of financial transactions, deposits, obligations, or capital interests maintained by a bank, partnership, or other entity.
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Andre Antoine, a fourteen-year-old, negligently damages a neighbor's fence while riding a bicycle. After the neighbor sues, the court applies a reduced standard of care reflecting Andre's age and experience and awards damages paid into an a/c established in his name at a local bank. The funds in the a/c remain available to satisfy the judgment while preserving Andre's limited personal liability.
Austin Abbott deposits personal funds into an a/c at First National Bank to cover a medical procedure for his partner. When state officials later audit the transaction, the records in the a/c establish the source and timing of the payment under the applicable constitutional framework.
Avalon Pharmaceuticals maintains an a/c used exclusively to fund scientific studies on a new drug. During Daubert proceedings, the company produces statements from the a/c showing the peer-reviewed expenditures that underpin the reliability of its expert's methodology.
Atlas Ventures wires payment from its operating a/c to cover expenses incurred during a federal agency's environmental review. The agency later cites the a/c records to demonstrate that the costs were properly assessed under the governing administrative statute.
Alliance Holdings receives a condemnation award that the city places in a court-supervised a/c pending appeal. The balance in the a/c determines the amount ultimately available to the owner once the taking is upheld under the public-use doctrine.
Amber Alonzo opens an a/c and deposits funds to satisfy a coastal commission requirement for public access improvements. The commission monitors the a/c balance to confirm compliance with the permit condition before issuing final approval.
The abbreviation a/c identifies a formal record of capital contributions, distributions, or deposit balances maintained by an entity or financial institution.
Supporting sources
Yes. Filings and statements routinely use a/c to designate specific accounts whose balances or transactions are relevant to the dispute or regulatory requirement.
Supporting sources
The abbreviation applies to any formal account, including capital accounts in partnerships that track a partner's economic interest and distributions.
Supporting sources
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