Dormancy period

In accounting, dormancy period means the time without owner contact after which property — an uncashed vendor check, a customer credit balance, unpaid wages — is presumed abandoned and must be reported to the state. Commonly three years for vendor checks and one year for wages, varying by state and property type.

Layer: Lexicon
Defined in: Lexicon
Nearby: 4

Not a rule

State unclaimed property law (Revised Uniform Unclaimed Property Act) — not codified in GAAP. US GAAP governs recognition, measurement and presentation — not the mechanics a bookkeeper uses to get there. Anyone citing a standard for this word is citing the wrong thing.

Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.

What it is not called

Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.

expiry
write-back period

Nearby in the catalog

No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.