current-account

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:
1840–50

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To current-account
Collins
World English Dictionary
current account
 
n
1.  US name: checking account, Canadian name: chequing account an account at a bank or building society against which cheques may be drawn at any time
2.  economics Compare capital account that part of the balance of payments composed of the balance of trade and the invisible balance

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature