In 1988 Toto released their next album The Seventh One, featuring Jon Anderson of Yes on backup vocals on the single  Stop Loving You . The album's other single,  Pamela , became very popular and would be the band's last to hit the US Top 40. The Seventh One became the band's most successful release since Toto IV.
DEFINITION of 'On Account'. An accounting term that denotes partial payment of an amount owed or the purchase/sale of merchandise or a service on credit.For example, if a firm purchases $5,000 worth of merchandise on account, this refers to the purchase of the goods on credit and a deferral of payment.Next Up.or example, if a firm purchases $5,000 worth of merchandise on account, this refers to the purchase of the goods on credit and a deferral of payment.
âCharge offâ means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of âcharge off,â it means the account is closed to future use, although the debt is still owed. The credit grantor may continue to report the past due amount and the balance owed. If you pay the account, the status will reflect as a âpaid charge-off.â.