current balance

Definitions

Banking

  • noun the balance in an account at the start of a day’s trading.

Electronics

  • An ammeter which operates by having a current pass through two nearby coils connected in series. One of the coils is fixed, while the other is attached to the arm of a balance. The attractive force between the coils is counterweighed by the force of gravity acting on a known weight on the arm of the balance, which in turn indicates the current strength on its scale. Also called Ampère balance, or Kelvin balance.

Forex

  • In government accounting, the state of a country's net investment as measured by the total amount invested with foreign entities and the amount that is financed through foreign investment.  A positive current balance occurs when foreign investment exceeds foreign borrowing.
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