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
How does current-account compare to similar and commonly confused words? Explore the most common comparisons:
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.
Competition now sees banks try to win over new customers by offering cash to switch - but only if you use their current account as your main account.
From BBC ● Jul. 12, 2026
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
In the past quarter, the U.S. current account deficit was $190.7 billion.
From MarketWatch ● Jun. 10, 2026
Bad news for a country that runs chronic current account deficits.
From Barron's ● May 21, 2026
When Mom finally kicked him out, Dad went to a new bank to open his own current account.
From "Wintergirls" by Laurie Halse Anderson
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.
