current account

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 checking account.)
2. an account of the balance of payments of a country relating to the sale or purchase of raw materials, goods and invisibles
♦ current account balance of payments a record of imports and exports, payments for services, and invisibles, etc.
▪▪▪
‘…a surplus in the current account is of such vital importance to economists and currency traders because the more Japanese goods that are exported, the more dollars overseas customers have to pay for these products. That pushes up the value of the yen’ [Nikkei Weekly]
▪▪▪
‘…customers’ current deposit and current accounts also rose to $655.31 million at the end of December’ [Hongkong Standard]

Dictionary of banking and finance. 2015.

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  • 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 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

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