Current Account

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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.

References in periodicals archive ?
In March 2001, the Bank of Japan (BOJ) announced it was easing monetary policy by shifting its operating target from the key overnight bank lending rate -- already near zero -- to current-account balances held by financial institutions at the central bank.
Koichi Ono, an economist at the Daiwa Institute of Research, said the yen's advance has not yet had a full-blown impact on the change in the current-account balance.

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