Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “Exchange Equalization Account”

Exchange Equalization Account

noun [S] (abbreviation EEA)
ECONOMICS, FINANCE, GOVERNMENT the government account that holds the UK's reserves of gold and foreign currencies, and can be used to help control the level of sterling
(Definition of Exchange Equalization Account noun from the Cambridge Business English Dictionary © Cambridge University Press)

Word of the Day

crew

If you crew a boat, or crew for someone on their boat, you help to sail it.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More