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Array and Accounting

noun

  • An orderly arrangement.
    • usage: "an array of troops in battle order"
  • An impressive display.
    • usage: "it was a bewildering array of books"; "his tools were in an orderly array on the basement wall"
  • Especially fine or decorative clothing.
  • An arrangement of aerials spaced to give desired directional characteristics.

verb

  • Lay out orderly or logically in a line or as if in a line.
    • usage: "lay out the clothes"; "lay out the arguments"
  • Align oneself with a group or a way of thinking.

noun

  • A convincing explanation that reveals basic causes.
    • usage: "he was unable to give a clear accounting for his actions"
  • A system that provides quantitative information about finances.
  • The occupation of maintaining and auditing records and preparing financial reports for a business.
  • A bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts.
  • A statement of recent transactions and the resulting balance.
    • usage: "they send me an accounting every month"

verb

  • Be the sole or primary factor in the existence, acquisition, supply, or disposal of something.
    • usage: "Passing grades account for half of the grades given in this exam"
  • Keep an account of.
  • To give an account or representation of in words.
    • usage: "Discreet Italian police described it in a manner typically continental"
  • Furnish a justifying analysis or explanation.
    • usage: "I can't account for the missing money"
(p.pr.&vb.n.) of Account.

accounting is the agent must be able to report the status of all funds received from or on behalf of the principal. Most state real estate license laws require a broker to give accurate copies of all documents to all parties affected by them and to keep copies on file for a specified period of time. Most license laws also require the broker to deposit immediately, or within 24 to 48 hours, all funds entrusted to the broker (such as earnest money deposits) in a special trust or escrow account. Commingling such monies with the broker's personal or general business funds is strictly illegal.