byallaccounts

Meanings

• Noun

  A term used in accounting, it refers to settling all accounts or financial transactions between parties.

  - "By all accounts, the company had a profitable quarter."
  - "The merger was completed by all accounts."
  - "By all accounts, the invoices have been paid in full."

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Variants

List of all variants of byallaccounts that leads to same result
by all accounts , by/from all accounts , from all accounts

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'by all accounts' is believed to have originated from the Old English term 'acont', which meant 'reckoning' or 'account'. It later evolved into the Middle English term 'acounte', which meant 'account' or 'record'. The modern English term 'by all accounts' is derived from this Middle English root.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'by all accounts' is often used interchangeably with the term 'in full' in financial contexts.

2. The phrase 'by all accounts' first appeared in print in the 15th century.

3. The term 'by all accounts' is also used metaphorically to refer to the general consensus or agreement about a particular matter.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. settlement: The process of paying or discharging all debts or obligations between parties involved in a financial transaction.

2. reconciliation: The process of ensuring that the records of two parties involved in a financial transaction agree with each other.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The term 'by all accounts' is commonly used in financial and business contexts to indicate that all financial transactions have been completed and that there are no outstanding debts or obligations.

How to Memorize "byallaccounts"

1. visualize
   

   - Imagine a balance scale with all the accounts or financial transactions represented as weights on either side. The scale is balanced when all accounts have been settled and there is no remaining imbalance.

2. associate
   

   - Associate the term 'by all accounts' with the idea of completeness or finality in financial transactions.

3. mnemonics
   

   - Create a mnemonic phrase such as 'B-A-C': Balance, Account, Complete.

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