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TeachMeFinance.com - explain inactive account inactive account -- a savings account on which no transaction has occurred (except the crediting of earnings) for a specific number of years. Also called a dormant account. historic definition... Inactive account -- (Or slow account) ; an account to which debits and credits are not frequently added. An inactive account in a bank is one which is not frequently augmented by deposits and likewise is not frequently diminished by drafts upon (by checks drawn against) it. An inactive speculative account (as in stocks, grain, cotton or coffee, etc.) is one where the speculator does not buy and sell with frequency. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.