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indefinite account

[ɪnˈdɛfənət əˈkaʊnt]
nounpl: indefinite accounts
conta indefinida
1. A bank or financial account with no fixed term, expiration date, or predetermined closure date; an account that remains open until the account holder decides to close it or until the financial institution takes action.
An indefinite account allows customers to maintain their balance without worrying about account termination.
Uma conta indefinida permite que os clientes mantenham seu saldo sem se preocupar com o encerramento da conta.
2. In accounting, an account or liability that has no specific deadline for settlement or resolution.
The company recorded an indefinite account for potential future obligations.
A empresa registrou uma conta indefinida para possíveis obrigações futuras.
Synonyms
open-ended accountperpetual accountno-term accountongoing account
Antonyms
term accountfixed-term accounttime depositdefinite account

Regional Variations

General Brazilian
conta indefinida
standard usage in Brazilian banking terminology
Portugal
conta indefinida
standard usage in Portuguese banking terminology

Related Idioms & Phrases

open account
no expiration date
indefinite period
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