current account

Definitions

General English

Accounting

  • noun an account in an bank from which the customer can withdraw money when he or she wants. Current accounts do not always pay interest.
  • noun an account of the balance of payments of a country relating to the sale or purchase of raw materials, goods and invisibles
  • acronymC/A

Economics

  • noun a bank account which pays little or no interest, but from which the customer can withdraw money when he or she wants by writing cheques.
  • noun an account of the balance of payments recording a country’s imports and exports of goods and services and the money paid on or received from investments

Forex

  • The state of a country's balance of trade, cash inflows and transfer payments resulting from current foreign trade activities as measured by net exports and net cash inflows.  A surplus or deficit in the current account will produce a corresponding change in the value of the country's foreign assets and currency.

Health Economics

  • (written as Current Account)
    A part of the balance of payments.

Law

  • noun an ordinary account in a bank into which money can be deposited and on which cheques can be drawn
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