current account
Americannoun
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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.
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(in certain foreign countries) a checking account.
noun
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Canadian name: chequing account. US name: checking account. an account at a bank or building society against which cheques may be drawn at any time
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economics that part of the balance of payments composed of the balance of trade and the invisible balance Compare capital account
Other Word Forms
Noun Inflected Forms
Etymology
Origin of current account
First recorded in 1840–50
Compare meaning
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Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
He admits he "hates budgeting and always has" so he says he looks at his current account as soon as he gets paid and decides how much he wants to move into savings.
From BBC ● Jul. 8, 2026
A weaker rupee makes imports costlier and exports more competitive, helping narrow the current account deficit over time.
From BBC ● May 14, 2026
His most recent academic work relates to how reputational concerns impact the monetary policy External link of central banks and how current account deficits impact future generations External link.
From Barron's ● Apr. 24, 2026
The government is slated to release February household spending data and current account balance figures on Tuesday and Wednesday, respectively.
From The Wall Street Journal ● Apr. 3, 2026
So if I buy a bar of gold worth £500,1 credit £500 to my current account, and I debit £500 to my list of assets.
From "The Invention of Science" by David Wootton
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
