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TeachMeFinance.com - explain For account of whom it may concern historic definition... For account of whom it may concern -- Said of a sale the proceeds of which are to go to the one on whose behalf or for whose benefit it is made. The term is commonly used in auction sales when the name of the seller is withheld. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.