Inactive Account

« Back to Dictionary Main | Browse other BANKING terms »

A bank or brokerage account in which there have not been any transactions for an extended period of time. Brokerage accounts are often charged a fee if there is not enough activity. In some extreme cases, the accounts assets may be turned over to the state.

This Glossary is provided by www.InvestorWords.com
Copyright©1997-2007 by WebFinance Inc. All Rights Reserved.

Related Terms