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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Origin of current account

First recorded in 1840–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

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 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012