suspense account

American  

noun

Bookkeeping.

1. an account in which items are temporarily entered until their final disposition is determined.

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suspense account British  

noun

1. accounting an account in which entries are made until determination of their proper disposition

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Etymology

Origin of suspense account

First recorded in 1875–80

Example Sentences

If the servicer places partial payments in a so-called suspense account, once the amount adds up to a full payment, the servicer must credit it to the homeowner’s account.

From Washington Post

Instead, the loss would go into a suspense account and be usable only when the investor sells out or has taxable income from other passive sources.

From Forbes

We may possess our souls in patience, and “put the objects to a suspense account,” awaiting the results of future researches and of new information.

From Project Gutenberg

We are not to take the pardoned offence, and carry it to a kind of 'suspense account,' to be revived if another is committed, but we are to blot it out altogether.

From Project Gutenberg