CURRENT ACCOUNT

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does current account mean? 

• CURRENT ACCOUNT (noun)
  The noun CURRENT ACCOUNT has 2 senses:

1. that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments

2. a bank account against which the depositor can draw checks that are payable on demand

  Familiarity information: CURRENT ACCOUNT used as a noun is rare.

 Dictionary entry details 

• CURRENT ACCOUNT (noun)

Sense 1

Meaning:

That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("current account" is a kind of...):

accounting (a system that provides quantitative information about finances)

Holonyms ("current account" is a part of...):

balance of international payments; balance of payments (a system of recording all of a country's economic transactions with the rest of the world over a period of one year)

Sense 2

Meaning:

A bank account against which the depositor can draw checks that are payable on demand

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

checking account; chequing account; current account

Hypernyms ("current account" is a kind of...):

bank account (a fund that a customer has entrusted to a bank and from which the customer can make withdrawals)

Domain region:

Britain (a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; 'Great Britain' is often used loosely to refer to the United Kingdom)