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current account

noun
1.
Also called open account. an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.
2.
(in certain foreign countries) a checking account.
Origin
1840-1850
1840-50
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for current account
  • current account trade deficit posts unexpectedly large improvement.
  • The current account includes trade in goods as well as in services, overseas investment earnings and official transfer payments.
  • Whether a current account deficit is unsustainable depends on the type of and the reason for capital inflows.
  • The first approach is to reduce current account surplus indirectly via narrowing the saving-investment gap.
  • But their national deficits on budget and current account are reaching unprecedented levels.
  • The second is our burgeoning trade and current account deficits and the possibility that they cannot be sustained at these levels.
  • Your current account is displayed on the account string located under the blue bar.
  • Debt service as a percentage of current account receipts has fallen steadily over the past decade.
  • The dinar is convertible for all current account transactions.
  • Anyone who needs to enroll in deferred comp or review your current account needs to stop in.
British Dictionary definitions for current account

current account

noun
1.
an account at a bank or building society against which cheques may be drawn at any time US name checking account Canadian name chequing account
2.
(economics) that part of the balance of payments composed of the balance of trade and the invisible balance Compare capital account (sense 1)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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