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ongoing account

[/ˌɑnˈɡoʊɪŋ əˈkaʊnt/]
nounpl: ongoing accounts
conta em aberto
1. A business or financial account that remains active and continues to accumulate transactions over an extended period without being settled or closed
The company maintains an ongoing account with its main supplier to streamline procurement.
A empresa mantém uma conta em aberto com seu principal fornecedor para agilizar as compras.
2. A customer account with a business that has continuous or recurring transactions and an unpaid balance
The store opened an ongoing account for the restaurant, allowing them to purchase on credit.
A loja abriu uma conta em aberto para o restaurante, permitindo que comprem a crédito.
Synonyms
active accountopen accountrunning accountcurrent account
Antonyms
closed accountsettled accountinactive account

Regional Variations

General Brazilian
conta em aberto
Most common term in Brazilian Portuguese business contexts
São Paulo
conta corrente em aberto
Often used in commercial transactions
Portugal
conta em aberto
Standard usage; may also use 'conta ativa'

Related Idioms & Phrases

keep an account open
settle an ongoing account
account receivable
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