What is the definition of Absorbed account? | Dictionary.net

ABSORBED ACCOUNT

\ɐbsˈɔːbd ɐkˈa͡ʊnt], \ɐbsˈɔːbd ɐkˈa‍ʊnt], \ɐ_b_s_ˈɔː_b_d ɐ_k_ˈaʊ_n_t]\

Definitions of ABSORBED ACCOUNT

1910 - Black's Law Dictionary (2nd edition)

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The simplification of accounting when multiple accounts with the same purpose are combined. Upon absorption the original account information no longer leaves a paper trail only showing the transfer of funds.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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