Multiple choice

If an account is not operated for a defined period (which changes from bank to bank), it can be called

  1. dormant or inoperative account

  2. frozen account

  3. attached account

  4. segregated account or classified account

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

When an account is not operated for a specified period (usually 1-2 years, varying by bank), it becomes dormant or inoperative. This is a regulatory and security measure. Frozen, attached, or segregated accounts have different meanings related to legal actions or specific classifications.