current account
noun
Also called open account.
an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.
(in certain foreign countries) a checking account.
Origin of current account
First recorded in 1840–50
Words nearby current account
currency bar,
currency bond,
currency note,
currency principle,
current,
current account,
current assets,
current balance,
current cost,
current density,
current efficiency
British Dictionary definitions for current account
current account
noun
an account at a bank or building society against which cheques may be drawn at any time
US name: checking account Canadian name: chequing account
economics
that part of the balance of payments composed of the balance of trade and the invisible balance
Compare capital account (def. 1)