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Matt Kesler
Matt Kesler, Researcher/Law Student
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Experience:  A year away from my J.D. and I've handled my own legal issues involving the business I own for years
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WHAT DOES THE TERM OPEN BOOK ACCOUNT MEAN IN A ...

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WHAT DOES THE TERM 'OPEN BOOK ACCOUNT' MEAN IN A LAW SUIT FOR BREECH OF NON PAYMENT IN CONTACTORS DEMAND OF PAYMENT
An Open Book Account is a method used by companies to debit the account of a customer for a service or product and then bill the customer at a later date.

In a lawsuit, this is likely referring to the reason for the lawsuit. That the contractor used an open book account and it seeking payment of the billed activity.
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