Meaning of “dormant account” in the English Dictionary


"dormant account" in Business English

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dormant accountnoun [ C ]

uk us

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 accounts.

(Definition of “dormant account” from the Cambridge Business English Dictionary © Cambridge University Press)