An "account" is a record that tracks financial transactions for an individual or organization. It can refer to various types of accounts, such as a bank account, which holds money, or a credit account, which allows borrowing. Accounts help manage finances by providing a clear overview of income, expenses, and balances. In addition to financial contexts, the term "account" can also refer to a description or explanation of an event or situation. For example, a witness account provides details about what someone observed. Both types of accounts serve to organize and communicate important information effectively.