CURRENT ACCOUNT • FREE TRANSLATOR.ORG • Definition of Current account

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/kˈərənt əkˈaʊnt/ Listen

Current account

noun

That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments.

A bank account against which the depositor can draw checks that are payable on demand. Synonyms: checking account, chequing account.

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Etymology of 'Current account'

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"Current account" Quotes from Famous Books

... to a current account," he explained, "in your own name. Have you any papers with you—for ...

— The Cinema Murder • E. Phillips Oppenheim

... date June 1, 1871, an entry against George Gaunson, 'Cash for penalty per current account, 4, 2s. 2d.:' what does that mean?-He was summoned to court for some wrecked timber that he was in possession of, and that was his penalty, which was ...

— Second Shetland Truck System Report • William Guthrie

... dependence on foreign trade. Denmark probably will continue its successful economic recovery in 1992 with tight fiscal and monetary policies and export- oriented growth. Prime Minister Schluter's main priorities are to maintain a current account surplus in order to pay off extensive external debt and to continue to freeze public-sector expenditures in order to reduce the budget deficit. The rate of growth by 1993 - boosted by increased investment and domestic demand - may be sufficient to start to cut Denmark's high unemployment ...

— The 1992 CIA World Factbook • United States. Central Intelligence Agency.

... After growing on average at less than 1% a year in 1984-87, GDP dropped by 3% in 1988, the result of bad weather, labor trouble in the canefields, and flooding and equipment problems in the bauxite industry. Consumer prices rose about 35%, and the current account deficit widened substantially as sugar and bauxite exports fell. Moreover, electric power is in short supply and constitutes a major barrier to future gains in national output. The government, in association with international financial ...

— The 1990 CIA World Factbook • United States. Central Intelligence Agency