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definite account

[/ˈdefɪnət əˈkaʊnt/]
nounpl: definite accounts
conta definitiva
1. A bank or financial account with clearly established terms, fixed conditions, and confirmed ownership that cannot be disputed or altered without formal procedures
The customer opened a definite account with a fixed interest rate for five years.
O cliente abriu uma conta definitiva com uma taxa de juros fixa por cinco anos.
2. In accounting, a settled account with finalized balances and confirmed transactions that has been officially closed or reconciled
After the audit, the definite account showed no discrepancies.
Após a auditoria, a conta definitiva não apresentou discrepâncias.
Synonyms
settled accountconfirmed accountfinalized accountfixed account
Antonyms
provisional accounttemporary accountpending accountdisputed account

Regional Variations

General Brazilian
conta definitiva
Standard usage in Brazilian banking and accounting contexts
Portugal
conta definitiva
Standard usage in Portuguese banking terminology

Related Idioms & Phrases

settle an account
square accounts
close the books
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