accounting

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English

Etymology

  • First attested in the late 14th century.
  • account +‎ -ing

Pronunciation

Verb

accounting

  1. present participle and gerund of account

Noun

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Wikipedia

accounting (usually uncountable, plural accountings)

  1. (business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.
  2. A relaying of events; justification of actions.
    He was required to give a thorough accounting of his time.
  3. (law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.
    • 2020, Liu v. SEC (U.S. Supreme Court No. 18-1501), Justice Thomas dissenting:
      In contrast, an accounting for profits, or accounting— a distinct form of relief that the majority groups with disgorgement — has a well-accepted definition: It compels a defendant to account for, and repay to a plaintiff, those profits that belong to the plaintiff in equity.

Derived terms

Translations

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