dormant account is a savings account on which no transaction (except the crediting of interest) has occurred for a specified number of years. At the end of that time period set by state law, funds in the account escheat to the state.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). dormant account. Retrieved September 30, 2026, from http://smartdefine.org/dormant_account/definitions/1152354 |
| Chicago | Barry Goldsmith. 2010. "dormant account" http://smartdefine.org/dormant_account/definitions/1152354 (accessed September 30, 2026). |
| Harvard | Barry Goldsmith 2010, dormant account, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/dormant_account/definitions/1152354>. |
| MLA | Barry Goldsmith. "dormant account" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/dormant_account/definitions/1152354> |