suspense account Meaning in the Cambridge English Dictionary

Meaning of “suspense account” in the English Dictionary

"suspense account" in Business English

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suspense accountnoun [C]

uk   us  
ACCOUNTING an ​account used to ​recordpayments temporarily when there is a possible problem or mistake with the ​amount
BANKING a ​bankaccount used to ​keepmoney until it can be ​paid into the ​rightaccount, especially when there is disagreement about who should receive the ​money: £50,000 was being ​held in a suspense ​account until the ​copyrightdispute was ​cleared up.
(Definition of suspense account from the Cambridge Business English Dictionary © Cambridge University Press)
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“suspense account” in Business English

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