1 A detailed record of a financial transaction, indicating the debits and credits between the parties to a contract or a fiduciary relationship. 2 The debt remaining to be paid, or the credit to be refunded, as indicated in such a record. 3 A detailed record of the financial transactions, business accountant-client privilege dealings, and other relations for which records must be kept. 4 In the Uniform Commercial Code, a right to payment for goods whose sale or lease, or for services whose pe...