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 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)