2. a. A reason given for a particular action or event: What is the account for this loss? b. A report relating to one's conduct: gave a satisfactory account of herself. c. A basis or ground: no reason to worry on that account. 3. Abbr. a/c or acct. a. A formal banking, brokerage, or business relationship established to provide for regular servic es, dealings, and otherfinancial transactions. b. A precise list or enumeration of financial transactions. c. Money deposited for checking, savings, or brokerage use. d. A customer having a business or credit relationship with a firm: salespeople visiting their acco unts. 4. Worth, standing, or importance: a landowner of some account. 5. Profit or advantage: turned her writing skills to good account. Phrasal Verb: account for 1. To constitute the governing or primary factor in: Bad weather accounted for the long delay. 2. To provide an explanation or justification for: The suspect couldn't account for his time that ni ght. Idioms: call to account 1. To challenge or contest. 2. To hold answerable for. on account On credit. on account of Because of; for the sake of: "We got married on account of the baby" (Anne Tyler). on no account Under no circumstances. on (one's) own account 1. For oneself. 2. On one's own; by oneself: He wants to work on his own account. take into account To take into consideration; allow for.