The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CONTRA ACCOUNT Definition & Legal Meaning

Definition & Citations:

1.An account that is used to offset an associated account. 2. An account that offsets another with credit. 3. An account used to offset liability for another.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.