Mutual Account

Legal Definition and Related Resources of Mutual Account

Meaning of Mutual Account

An account that arises where there are mutual dealings between parties and account is permitted to run with a view to ultimate adjustment of balance betwen parties. An account where each party has extended credit to other and in which there has been reciprocal demand .

Mutual Account Alternative Definition

See “Account.”

Related Entries of Mutual Account in the Encyclopedia of Law Project

Browse or run a search for Mutual Account in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Mutual Account in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Mutual Account in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Mutual Account in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:

Mentioned in these terms

Running Account.


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Mutual Account in the Dictionary Mutual Account in our legal dictionaries
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Related topics Mutual Account in the World Encyclopedia of Law


This definition of Mutual Account is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)


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Meaning of Mutual Account

In this law dictionary, the legal term mutual account is a kind of the Banking class.


See Also

  • Banking

  • Posted






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