An account, within the context of secured transactions, is defined under Article 9 of the Uniform Commercial Code, as a right to payment of a monetary obligation. Not included: (1) letters of credit, (2) commercial tort claims, (3) deposit accounts, (4) investment property, (5) chattel paper, or (6) rights to payment for money or funds that have been advanced or sold.
See e.g.; Securities Investor Protection Corp. v. Bernard Investment Securities 513 B.R. 437 (2014).
[Last updated in June of 2022 by the Wex Definitions Team]