Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “suspense account”

suspense account

noun [C]
 
 
ACCOUNTING an account used to record payments temporarily when there is a possible problem or mistake with the amount
BANKING a bank account used to keep money until it can be paid into the right account, especially when there is disagreement about who should receive the money: £50,000 was being held in a suspense account until the copyright dispute was cleared up.
(Definition of suspense account from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of suspense account?
Add Cambridge dictionaries to your browser to your website

Word of the Day

illusion

an idea or belief that is not true

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

showrooming noun

February 23, 2015
the activity of examining a product in a physical store and then making the purchase with an online retailer Amazon’s new smartphone is specifically designed to make showrooming fast and easy.

Read More