current account


current account
A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

Dictionary from West's Encyclopedia of American Law. 2005.


current account
A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • current account — current accounts 1) N COUNT A current account is a personal bank account which you can take money out of at any time using your cheque book or cash card. [BRIT] His current account was seriously overdrawn. (in AM, use checking account) 2) N COUNT …   English dictionary

  • current account — ► NOUN Brit. ▪ an account with a bank or building society from which money may be withdrawn without notice …   English terms dictionary

  • Current account — This article is about the macroeconomic current account. For day to day bank accounts, see Current account (banking). Cumulative Current Account Balance 1980–2008 (US$ Billions) based on the International Monetary Fund data In economics, the… …   Wikipedia

  • current account — noun 1. that part of the balance of payments recording a nation s exports and imports of goods and services and transfer payments • Hypernyms: ↑accounting • Part Holonyms: ↑balance of payments, ↑balance of international payments 2. a bank account …   Useful english dictionary

  • Current account — Net flow of goods, services, and unilateral transactions (gifts) between countries. The New York Times Financial Glossary * * * current account current account ➔ account1 * * *    A country s current account balance is the sum of the visible… …   Financial and business terms

  • current account — net flow of goods, services, and unilateral transactions (gifts) between countries. Bloomberg Financial Dictionary The part of the balance of payments which is due to trade flows. It can be broken down into visibles, which are physical goods… …   Financial and business terms

  • current account — / kʌrənt əˌkaυnt/ noun 1. an account in an bank from which the customer can withdraw money when he or she wants. Current accounts do not always pay interest. ● to pay money into a current account Also called cheque account (NOTE: The US term is… …   Dictionary of banking and finance

  • current account — / kʌrənt əˌkaυnt/ noun 1. an account in an bank from which the customer can withdraw money when they want. Current accounts do not always pay interest. ● to pay money into a current account (NOTE: American English is checking account) 2. an… …   Marketing dictionary in english

  • current account — UK / US noun [countable] Word forms current account : singular current account plural current accounts British a bank account that you can take money out of whenever you want using a cheque or a cash card. The American word is checking account …   English dictionary

  • current account — 1) An active account at a bank or building society into which deposits can be paid and from which withdrawals can be made by cheque (see also cheque account). Building societies usually make no charges and pay interest on balances maintained in a …   Big dictionary of business and management


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