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TeachMeFinance.com - explain General account historic definition... General account -- In a bank a general account is an account which is for general or miscellaneous purposes to which credits are added and against which checks are drawn in the ordinary course ; a special account is one created for a special purpose. 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.