# Dormancy period

> Dormancy period — 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.

Source: https://lopifi.com/glossary/dormancy-period
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- expiry
- write-back period

- **Category:** Cash
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** credit, period, vendor