| an account in which items are temporarily entered until their final disposition is determined. |
| suspense account n. A temporary account in which entries of credits or charges are made until their proper disposition can be determined. |
Suspense Account
An account that is used to store short-term funds or securities until a permanent decision is made about their allocation.
Investopedia Commentary
These accounts are required in instances when the decision process is lengthy.
See also: Account