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.
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Nearby words
currency bar, currency bond, currency note, currency principle, current, current account, current assets, current balance, current cost, current density, current efficiency
Origin of current account
First recorded in 1840–50
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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 timeUS name: checking account Canadian name: chequing account
economics that part of the balance of payments composed of the balance of trade and the invisible balanceCompare capital account (def. 1)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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