- /ˌdɔ:mənt ə'kaυnt/ noun1. a bank account which is no longer used2. a past customer who is no longer buying● Let’s re-establish contact with some of our dormant accounts.● All the old reports on dormant accounts have been filed away.
Dictionary of banking and finance. 2015.
Look at other dictionaries:
dormant account — ➔ account1 * * * dormant account UK US noun [C] ► BANKING a bank account that has not had any money put into it or taken out of it for a long period of time: »There is increasing concern about the billions of pounds sitting unclaimed in dormant… … Financial and business terms
dormant account — /ˌdɔ:mənt ə kaυnt/ noun a past customer who is no longer buying ● Let’s re establish contact with some of our dormant accounts. ● All the old reports on dormant accounts have been filed away. ▪▪▪ ‘…the agency has been responsible for the dormant… … Marketing dictionary in english
dormant account — noun a savings account showing no activity (other than posting interest) for some specified period the dormant account reverted to the state under escheat laws • Hypernyms: ↑savings account * * * noun : a deposit account in which there has been… … Useful english dictionary
Dormant account — In the case of an account where the customer has not initiated any transaction for a certain period, the account is considered inactive. Many automated systems can automatically mark this account as dormant and block any transactions. See also… … International financial encyclopaedia
dormant account — bank account which has not been used for a long time … English contemporary dictionary
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Dormant — Refer instead to Dormant account … International financial encyclopaedia
Dormant — means lacking activity. It can refer to: Dormancy in an organism s life cycle Dormant volcano, a volcano that is inactive but may become active in the future Dormant (heraldry), in heraldry, signifying a sleeping animal with head resting upon… … Wikipedia
Account status — The status of an account often affects what transactions can be performed on that account. For example if an account has no activity for a long period of time, then a transaction against the account may be automatically sent for verification… … International financial encyclopaedia
inoperative account — UK US noun [C] BANKING ► a bank account that has had no money paid in or taken out for several years → See also DORMANT ACCOUNT(Cf. ↑dormant account) … Financial and business terms