A "dormant account" refers to a financial account, such as a bank account or investment account, that has had no activity for a specified period, typically ranging from six months to several years. This inactivity can include no deposits, withdrawals, or other transactions. Financial institutions often monitor accounts for dormancy to manage their records and ensure compliance with regulations. When an account becomes dormant, the financial institution may charge fees or take steps to close the account. In some cases, the funds in a dormant account may be turned over to the government as unclaimed property, depending on the laws in the relevant jurisdiction.