Noun: current account
Usage: Brit (N. Amer: checking account)
Usage: Brit (N. Amer: checking account)
- A bank account against which the depositor can draw checks that are payable on demand
"She used her current account to pay monthly bills";
- checking account [US], chequing account [Cdn]
- That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
"The country's current account deficit widened due to increased imports"
Derived forms: current accounts
Type of: accounting, bank account
Part of: balance of international payments, balance of payments
Encyclopedia: Current account