current account

See synonyms for current account on
  1. 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.

  2. (in certain foreign countries) a checking account.

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Origin of current account

First recorded in 1840–50

Words Nearby current account Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use current account in a sentence

British Dictionary definitions for current account

current account

  1. 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

  2. economics that part of the balance of payments composed of the balance of trade and the invisible balance: Compare 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