inactive account

Definition

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.

Use inactive account in a sentence

You should always try and make sure you know how much you have even if right now you only have an inactive account.

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The inactive account was terminated because no one was using it and we needed all the help we could with other stuff.

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The clients account was classified as an inactive account because the investor did not have any activity on his account.

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inactive active account