Meaning of “current account” in the English Dictionary

(Definition of “current account” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"current account" in Business English

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current accountnoun [ C ]

uk us abbreviation C/A UK

UK also cheque account, US checking account BANKING a bank account that you can take money from at any time and use for making payments , that usually earns little or no interest:

in/into sb's current account He is considering what to do with around £5,000 he has in his current account.
out of/from sb's current account I transfer my mortgage repayments monthly from my current account.

ECONOMICS a measure of the money going into and out of a country in the form of exports and imports, income from interest and payments from foreign stocks, and other payments:

Much of the improvement in the current account balance has come from a sharp decline in imports.
This year has seen the country's first current account surplus in a decade.

(Definition of “current account” from the Cambridge Business English Dictionary © Cambridge University Press)