Current account


Current account
Net flow of goods, services, and unilateral transactions (gifts) between countries. The New York Times Financial Glossary

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   A country's current account balance is the sum of the visible trade balance (exports and imports that can be seen) and the invisible balance (credits and debits for services of one kind or another, such as tourism, banking and insurance). It excludes flows produced by long-term borrowings or investment, which are counted in the capital account.

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current account UK US noun [C] (UK
(UK also cheque account, US checking account) BANKING a bank account that you can take money from at any time and use for making payments , that usually earns little or no interest: »

She opened a current account with an online bank.

in/into sb's current account »

He is considering what to do with around £5,000 he has in his current account.

out of/from sb's current account »

I transfer my mortgage repayments monthly from my current account.

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a current account holder/customer

See Note BANK ACCOUNT(Cf. ↑bank account)
ECONOMICS a measure of the money going into and out of a country in the form of exports and imports, income from interest and payments from foreign stocks, and other payments: »

Much of the improvement in the current account balance has come from a sharp decline in imports.

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This year has seen the country's first current account surplus in a decade.


Financial and business terms. 2012.

Look at other dictionaries:

  • current account — current accounts 1) N COUNT A current account is a personal bank account which you can take money out of at any time using your cheque book or cash card. [BRIT] His current account was seriously overdrawn. (in AM, use checking account) 2) N COUNT …   English dictionary

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  • current account — ► NOUN Brit. ▪ an account with a bank or building society from which money may be withdrawn without notice …   English terms dictionary

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  • current account — noun 1. that part of the balance of payments recording a nation s exports and imports of goods and services and transfer payments • Hypernyms: ↑accounting • Part Holonyms: ↑balance of payments, ↑balance of international payments 2. a bank account …   Useful english dictionary

  • current account — net flow of goods, services, and unilateral transactions (gifts) between countries. Bloomberg Financial Dictionary The part of the balance of payments which is due to trade flows. It can be broken down into visibles, which are physical goods… …   Financial and business terms

  • current account — / kʌrənt əˌkaυnt/ noun 1. an account in an bank from which the customer can withdraw money when he or she wants. Current accounts do not always pay interest. ● to pay money into a current account Also called cheque account (NOTE: The US term is… …   Dictionary of banking and finance

  • current account — / kʌrənt əˌkaυnt/ noun 1. an account in an bank from which the customer can withdraw money when they want. Current accounts do not always pay interest. ● to pay money into a current account (NOTE: American English is checking account) 2. an… …   Marketing dictionary in english

  • current account — UK / US noun [countable] Word forms current account : singular current account plural current accounts British a bank account that you can take money out of whenever you want using a cheque or a cash card. The American word is checking account …   English dictionary

  • current account — 1) An active account at a bank or building society into which deposits can be paid and from which withdrawals can be made by cheque (see also cheque account). Building societies usually make no charges and pay interest on balances maintained in a …   Big dictionary of business and management


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