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 Glossary   >   C   >   "Current account" Definition   

        Current account

Net flow of goods, services, and unilateral transactions (gifts) between countries.

A bank account which offers a number of facilities including cheque book for debt settlement, deposits, direct debits and where applicable, overdrafts. This type of account is normally used for ongoing transactions (for example monthly direct debits and writing of cheques etc.) as opposed to a deposit account.A balance of payments account listing transactions other than capital movement.An account listing transactions between trading companies.

Current account


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Current account - Net flow of goods, services, and unilateral transactions (gifts) between countries.

A bank account which offers a number of facilities including cheque book for debt settlement, deposits, direct debits and where applicable, overdrafts. This type of account is normally used for ongoing transactions (for example monthly direct debits and writing of cheques etc.) as opposed to a deposit account.A balance of payments account listing transactions other than capital movement.An account listing transactions between trading companies.


Current account : net flow of goods, services, and unilateral transactions (gifts) between countries.

a bank account which offers a number of facilities including cheque book for debt settlement, deposits, direct debits and where applicable, overdrafts. this type of account is normally used for ongoing transactions (for example monthly direct debits and writing of cheques etc.) as opposed to a deposit account.a balance of payments account listing transactions other than capital movement.an account listing transactions between trading companies.