The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SUSPENSE ACCOUNT Definition & Legal Meaning

Definition & Citations:

An account that is temporary used to record (1) receipts or disbursements from unconcluded transactions or (2) discrepancies between account totals until rectified.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.