suspense account

Noun

WordNet 3.0

Noun (1)

  1. an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
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Webster's Dictionary (GCIDE)

Suspense \Sus*pense"\, n. [From F. suspens, a. See Suspense, a.]

1.The state of being suspended; specifically, a state of uncertainty and expectation, with anxiety or apprehension; indetermination; indecision; as, the suspense of a person waiting for the verdict of a jury. [1913 Webster]

Ten days the prophet in suspense remained.— Denham.[1913 Webster]
Upon the ticklish balance of suspense.— Cowper.[1913 Webster]

2.Cessation for a time; stop; pause. [1913 Webster]

A cool suspense from pleasure and from pain.— Pope.[1913 Webster]

3.[Cf. F. suspense.] (Law) A temporary cessation of one's right; suspension, as when the rent or other profits of land cease by unity of possession of land and rent. [1913 Webster]

Suspense account (Bookkeeping), an account in which receipts or disbursements are temporarily entered until their proper position in the books is determined. [1913 Webster]

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