- 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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- 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