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. Cristian Maggio:

   Pegs are sustainable only as long as you run a big current account surplus and there are inflows that allow central banks to support their currencies.

2. President Recep Tayyip Erdogan:

   As long as we don't take our own money as a benchmark, we are doomed to sink. The Turkish lira, our money, that is what we will go forward with. Not with foreign currency, we have been working for some time now to get the Turkish economy out of the spiral of high interest rates, high inflation, and to set it on the path of growth through investment, employment, production, exportation and current account surplus.

3. Sourabh Gupta:

   I don’t think the three of them see themselves as a group, china and Germany both have current account surpluses, and an intensive economic relationship. To that extent, they will find common cause at the G20 against Trump.

4. Yao Yudong:

   China's high savings rate means China cannot provide liquidity to the world via the current account right now.

5. 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.

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