What does dormant account mean?
Definitions for dormant account
dor·mant ac·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word dormant account.
Princeton's WordNet
dormant accountnoun
a savings account showing no activity (other than posting interest) for some specified period
"the dormant account reverted to the state under escheat laws"
ChatGPT
dormant account
A dormant account is a financial account, such as a bank account, credit card account or investment account, which has seen no activity for an extended period of time, excluding any activity initiated by the financial institution such as charged fees or interest payments. The specific period may vary depending on an institution's internal policy or specific regulatory requirements. After a certain period of inactivity, the account may be classified as dormant or inactive by the financial institution. Money from dormant accounts is often transferred to a protective agency until the rightful owner claims it.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of dormant account in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of dormant account in Pythagorean Numerology is: 9
Translations for dormant account
From our Multilingual Translation Dictionary
- ruhendes KontoGerman
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"dormant account." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/dormant+account>.
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