English Dictionary |
DORMANT ACCOUNT
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Dictionary entry overview: What does dormant account mean?
• DORMANT ACCOUNT (noun)
The noun DORMANT ACCOUNT has 1 sense:
1. a savings account showing no activity (other than posting interest) for some specified period
Familiarity information: DORMANT ACCOUNT used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
A savings account showing no activity (other than posting interest) for some specified period
Classified under:
Nouns denoting possession and transfer of possession
Context example:
the dormant account reverted to the state under escheat laws
Hypernyms ("dormant account" is a kind of...):
savings account (a bank account that accumulates interest)
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"Don't strike the hot iron with an wooden hammer." (Albanian proverb)
"A spark can start a fire that burns the entire prairie." (Chinese proverb)
"The innkeeper trusts his guests like he is himself" (Dutch proverb)