Importprivkey's "label" - is it the same as an account? The "importprivkey" API call allows one to import a private key and save it with a label. Is the "label" in the API call synonymous with an account used in the wallet?
Though the terminiology is unclear, in code "label" and "account" are the same thing:

importprivkey function (src/rpcdump.cpp):

pwalletMain-&gt;SetAddressBookName(vchAddress, strLabel);


from getnewaddress function (src/rpcwallet.cpp):

pwalletMain-&gt;SetAddressBookName(keyID, strAccount);