Definitions for current account
cur·rent ac·count

Princeton's WordNetRate this definition:0.0 / 0 votes

1. current accountnoun

   that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments

2. checking account, chequing account, current accountnoun

   a bank account against which the depositor can draw checks that are payable on demand

WiktionaryRate this definition:0.0 / 0 votes

1. current accountnoun

   That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments

2. current accountnoun

   A checking account at a bank

ChatGPTRate this definition:0.0 / 0 votes

1. current account

   A current account refers to a component of a country's balance of payments which records trade transactions, including goods and services, net income and net current transfers. It measures the country's international trade in goods and services plus net income from investments abroad, and direct transfers of capital. Typically, a positive account balance indicates the nation is a net lender to the rest of the world, while a negative account balance indicates it is a net borrower. Depending on the jurisdiction, it may also refer to a type of deposit account used by individuals at a bank for day-to-day transactions.

WikidataRate this definition:0.0 / 0 votes

1. Current account

   In economics, the current account is one of the two primary components of the balance of payments, the other being capital account. It is the sum of the balance of trade, factor income and cash transfers. The current account balance is one of two major measures of the nature of a country's foreign trade. A current account surplus increases a country's net foreign assets by the corresponding amount, and a current account deficit does the reverse. Both government and private payments are included in the calculation. It is called the current account because goods and services are generally consumed in the current period. The balance of trade is the difference between a nation's exports of goods and services and its imports of goods and services, if all financial transfers, investments and other components are ignored. A Nation is said to have a trade deficit if it is importing more than it exports. Positive net sales abroad generally contributes to a current account surplus; negative net sales abroad generally contributes to a current account deficit. Because exports generate positive net sales, and because the trade balance is typically the largest component of the current account, a current account surplus is usually associated with positive net exports. This however is not always the case with secluded economies such as that of Australia featuring an income deficit larger than its trade surplus.

Matched Categories

1. • Accounting
   • Bank Account

How to pronounce current account?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say current account in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of current account in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of current account in Pythagorean Numerology is: 5

Examples of current account in a Sentence

1. Morgan Stanley:

   Were Nigeria to be removed from the index as a result of the dry-up in liquidity as forewarned by the index provider, upside risks to our naira forecast of 200-205 (per dollar) over the next 12 months could crystallise immediately, especially if one considers that its (annual) current account deficit could be up to ... $10 billion.

2. William Jackson at Capital Economics:

   We've seen a couple of months of relatively good current account data which shows some external vulnerabilities may be declining. Plus the promise to speed up EU accession talks has led to hopes the (ruling) AK Party will re-launch reforms which stalled a few years ago when accession talks hit a brick wall.

3. Manik Narain:

   The current account deficit is expanding at a time when growth is slowing so there are signs fundamental forces were working against the lira even before the coup, i don't feel very excited about the lira at this stage.

4. Sourabh Gupta:

   China and Germany both have current account surpluses, and an intensive economic relationship. To that extent, they will find common cause at the G-20 against Trump. other countries like Japan have gone out of their way to keep a healthy relationship with Trump. But Merkel hasn’t done that. She has been kind of snooty and seems to be waiting for Trump to grow up and act like a mainstream politician.

5. The IMF:

   At today's level of the real effective exchange rate, the current account deficit is expected to rise above 4 percent of GDP by 2020, pointing to the U.S. dollar being overvalued by 10-20 percent.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=current account
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Current_Account
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=current account