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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)
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