Current Account Definitions

Definitions of Current Account on the Web:

The net balance of a country's international payment arising from exports and imports together with unilateral transfers such as aid and migrant remittances. It excludes capital flows.www.fx-forex-trading.com/glossary.htm
An account in the balance of payments that comprises imports and exports of goods and services and unrequited transfers. See Capital account.www.singstat.gov.sg/keystats/glossary/eglossary.html
A bank deposit that can be withdrawn by the depositor at any time.www.eagletraders.com/other/glossary_fin_terms.htm
A record of receipts from the sale of goods and services to foreigners, payments for goods and services bought from foreigners, and factor income (such as interest and profits) and current transfers (such as foreign aid) received from and paid to foreigners.www.booksites.net/download/mcaleese/student_files/glossary.html
Records the values of goods and services sold and purchased abroad, plus net interest and other factor payments and net unilateral transfers and gifts.highered.mcgraw-hill.com/sites/0072487488/student_view0/glossary.html
A country's international transactions arising from current flows, as opposed to changes in stocks which are part of the capital account. Includes trade in goods and services (including payments of interest and dividends on capital) plus inflows and outflows of transfers.www-personal.umich.edu/~alandear/glossary/c.html
National Accounts definition: current accounts deal with production, distribution of income and use of income. Balance of Payments definition: account of transactions in respect of trade in goods and services, income and current transfers.www.statistics.gov.uk/about/glossary/economic_terms.asp
If a country receives more money from the sale of goods, services and transfers to the rest of the world than it pays out, it has a current account surplus. But if it pays out more than it receives in those transactions, the result is a current account deficit.www.roanoke.com/business%5C27149.html
A category in the balance of payments account that includes all transactions that either contribute to national income or involve the spending of national income.www.cambridgefx.com/currency-exchange/forex-directory.html
An active account at a bank into which deposits can be paid and from which withdrawals can be made.www.equanto.com/glossary/c.html
Another name for an instant access account offering banking facilities such as cheque book, cash card, guarantee card and automated payments (standing orders, direct debits etc).www.moneynet.co.uk/glossary/glossary-c-d.shtml
In the balance of payments, records transactions involving the export or import of goods and services.enbv.narod.ru/text/Econom/ib/str/261.html
An account which enables you to pay for day-to-day goods and services using either a card or a cheque book (a UK term for a Cheque Account).www.barclays.com/internationalpersonal/ib_4_4_14_glossary.htm
An account kept at a bank on which cheques can be drawn and on which interest is not usually paid; also an account in the books of sole traders and partnerships recording fluctuating amounts of proprietorship interest (ie shares of profit less drawings).www.indiainfoline.com/bisc/accc.html
an account on which all current settlements are reflected.www.hansabanka.lv/cgi-bin/www/engl/mylife/ml_11.php
The portion of a country's balance of payments that records "visible" trade (exports and imports of goods), "invisible" trade(income and expenditures for services), interest payments, and transfer payments such as foreign aid. A current account deficit is essentially offset and financed by a capital account surplus -- representing a net inflow of investment funds --and conversely, a current account surplus will be matched by a capital account deficit. ...www.itcdonline.com/introduction/glossary2_abcd.html
An account that records the flows of goods and services and other current receipts and payments between residents of the domestic economy and residents of the rest of the world.www.econplace.com/mm5e/glossary.html
It is a statement of a nation's trade with other nations at any particular time.www.politicalscience.utoledo.edu/faculty/lindeen/glos3260.htm
Your mortgage, other loans and savings are all held in one account into which you pay your salary. This account acts as your current account. At the end of the month any amount left is deducted from your mortgage. A limit is set as to how much you can borrow. The interest due is calculated daily. It allows payments to be flexible, with periods of under and over payment to suit the borrower's changing financial circumstances. ...www.gardenhive.com/property/finance/mortgage/terms/uk/
As used in the balance of payments, it is that section that records the trade in goods and services and the exchange of gifts among countries.wps.pearsoned.co.uk/wps/media/objects/1420/1454800/glossary/glossary.html
The part of the balance of payments account in which all short-term flows of payments are listed.highered.mcgraw-hill.com/sites/0072551194/student_view0/chapter18/glossary.html
that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments wordnet.princeton.edu/perl/webwn
The term current account usually refers to the current account of the balance of payments (BOP) and contains the import and export items of goods and services as well as transfer payments including net investment income. The current account is often presented alongside the capital account and financial account of the BOP which contains data about short and long-term capital flows. Long-term capital flows are also known as foreign direct investment (FDI). ...en.wikipedia.org/wiki/Current_account