meaning of absorbed account

absorbed account meaning in Law Dictionary

The simplification of accounting whenever numerous records with similar purpose tend to be combined. Upon absorption the first username and passwords no more actually leaves a paper trail only showing the transfer of funds.

absorbed account meaning in Business Dictionary

particular account which combined or combined with another relevant account for the goal of simplifying the accounting process. As soon as absorbed by another, the original account ceases to exist, even though a paper path stays showing proof of how the funds being relocated.