Practical Law Glossary Item 4-382-3210 (Approx. 3 pages)
Glossary
Accounts
Except as used in "account for," defined in the UCC as a right to payment of a monetary obligation, whether or not earned by performance:
For property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of.
For services rendered or to be rendered.
For a policy of insurance issued or to be issued.
For a secondary obligation incurred or to be incurred.
For energy provided or to be provided.
For the use or hire of a vessel under a charter or other contract.
Arising out of the use of a credit or charge card or information contained on or for use with the card.
As winnings in a lottery or other game of chance operated or sponsored by a state, governmental unit of a state, or person licensed or authorized to operate the game by a state or governmental unit of a state.
The term includes health-care-insurance receivables.
Rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card (UCC § 9-102(a)(2)).