account stated
noun
account stat·ed
-ˈstā-təd
plural accounts stated
: an account presented by a creditor to his or her debtor which by implied or express acceptance has been agreed upon by both parties as correct
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“Account stated.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/account%20stated. Accessed 8 Nov. 2024.
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