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    #1

    for account of

    Hello

    What is the meaning of " for account of " please?

    Commission of correspondent bank on Seller` territory for account of Seller, out of Russia for account of Buyer.

    Thanks!

  1. opa6x57's Avatar
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    #2

    Re: for account of

    I'm not a teacher...

    Quote Originally Posted by PCGames View Post
    Hello

    What is the meaning of " for account of " please?

    Commission of correspondent bank on Seller` territory for account of Seller, out of Russia for account of Buyer.

    Thanks!
    Credit to/debit from seller/buyer account.

    Or, pertains to seller/buyer account.


    Or, perhaps, as authorized by seller/buyer.

    It's really hard to tell in this context.

    Something similar usually appears on a real-estate sale document here in the US. The left side of the page is the buyer's account. The right side is the seller's account. In the summary section - you might find notations regarding these accounts.
    "For the account of the seller: $1,000 for taxes paid."
    "For the account of the buyer: $600 for repainting garage door."

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