suspense account
noun
: an account for the temporary entry of charges or credits or especially of doubtful accounts receivable pending determination of their ultimate disposition
Examples of suspense account in a Sentence
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When those people or entities can’t be found, the funds are placed in a suspense account and eventually get turned over to states, according to court documents.
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Phil Helsel, NBC News, 5 Aug. 2023
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Phil Helsel, NBC News, 5 Aug. 2023
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“Suspense account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/suspense%20account. Accessed 30 Nov. 2024.
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