| 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. |
Current Account
The difference between a nation's total exports of goods, services, and transfers, and its total imports of them. Current account balance calculations exclude transactions in financial assets and liabilities.
Investopedia Commentary
The level of the current account is followed as an indicator of trends in foreign trade.
Related Links
Understanding The Current Account In The Balance Of Payments
What Is The Balance Of Payments?
See also: Balance of Payments, Balance of Trade, Economics