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

work out

to exercise in order to improve the strength or appearance of your body

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

bio-inspiration noun

April 13, 2015
the adoption of patterns and structures found in nature for the purposes of engineering, manufacturing, science, etc. The MIT researchers actually aren’t the only robotics team to turn to cheetahs for bio-inspiration.

Read More