Absorbed Account

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Dictionary Says

Definition of 'Absorbed Account'

An account that has been combined or that has merged with another related account. Accounts are often absorbed into existing accounts as a way of simplifying the accounting process. Once an account has been absorbed the original account will cease to exist, although a paper trail will remain to show how funds have been moved.
Investopedia Says

Investopedia explains 'Absorbed Account'

Accounts are simply a way for a company or individual to separate finances into manageable categories, so it is not surprising that a separation or category that made sense at one time can become obsolete. When this happens, the obsolete account is absorbed into an area where it fits better. Rather than being a unique account, the absorbed account is combined with another existing account. When this is done at a business, the accountant or bookkeeper records and reconciles the changes.
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'Absorbed Account'

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    ... of $200,000, it would take eight years to convert the entire account to a ... may be
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    ... 13.7 Service Instructions; 13.8 Maintaining Customer Accounts; 13.9 Death or
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    ... of contracted revenue in its backlog over the next two years - something that may
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  • Noble Optimistic On Recovery

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