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TeachMeFinance.com Active Account -- An account with a brokerage house or firm that is subject to a large number of transactions. An active account generates more commissions or earnings for each deal made or each check written. Charges and penalties may be imposed if an account does not show strong activity or remains passive for a long time. In case the account is not touched for five years or more, it is liable to Escheat procedures by which the assets come in the possession of the state. historic definition... Active account -- An account to which debits and credits are frequently added. An active account in a bank is one which is frequently augmented by deposits and likewise is frequently diminished by drafts upon (by checks drawn against) it. An active speculative account (as in stocks , grain, cotton or coffee, etc.) is one where the speculator buys and sells with frequency. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 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.