Get the FREE one-click dictionary software for Windows
or the iPhone/iPad and Android apps
Noun: current account
Usage: Brit (N. Amer: checking account)
  1. 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]
     
  2. 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