open account

• Abrir una nueva cuenta financiera en un banco, cooperativa de crédito u otra institución financiera, generalmente para ahorros, transacciones o inversiones.

To establish a new financial account with a bank, credit union, or other financial institution, typically for savings, checking, or investment purposes.

1. B2formal

   A credit arrangement where a buyer can take possession of goods and pay for them later, typically within a specified period.

   crédito abierto en cuenta

   • The supplier offered us an open account with 30-day payment terms.
   • Many businesses prefer to trade on an open account basis.
   • He applied for an open account at the local hardware store.

2. Unsettled balanceB2formal

   An account that has not yet been closed or settled; a balance that is still due.

   Cuenta abierta

   • The invoice remains on an open account until payment is received.
   • We need to review all open accounts at the end of the month.
   • The company has several open accounts with its vendors.