Current Account


Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.

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 ?
The effect of oil prices on current account in case of Iran is similar to that of Egypt, however, for Iran growth rate of oil production still exceeds than that of consumption.
Earlier current account deficit target was 70 billion dollars," he told media here today.
Three-quarters did not even know the credit interest rate on their current account.
Customers can register their interest in a Post Office current account by going to www.
Consumers in the North West are the least loyal to their bank but even here they have held the same current account for around 15.
Abbey's move is timely, because the "big four" have certainly denied their current account customers any benefits whatever from recent rises in rates.
The recent research suggests this increase in household wealth may cause a decrease in the private savings rate, and thus contribute to the current account deficit experienced by the U.
If you don't want to switch your current account, there are still some good savings rates around (see table below).
But the savings glut is an independent driver of low global rates, and because the United States tends to have a very interest-elastic response to low interest rates due to the housing sector, it's not surprising that our current account deficit has grown over this time.
Abbey's new account runs in tandem with a Fixed Rate Monthly Saver account, also paying 6% gross and only available to those with the current account as well.
The central bank forecasts the current account balance to stay within the liquidity target range on Tuesday with the balance at around 30.
I would say return of current account surplus perhaps signals less of a need for foreign currency borrowing," Lonski says.