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Definitions from WordNet

Definitions from the Web

Current Account

A current account refers to a type of bank account that enables individuals and businesses to manage their day-to-day financial transactions efficiently.

As a noun:

Sense 1:

In finance, a current account represents the record of all the transactions related to imports, exports, and investments between a country and the rest of the world.

Example: The current account deficit increased due to a rise in imports.

Sense 2:

In banking, a current account is a non-interest-bearing bank account that allows customers to deposit, withdraw, and transfer money as frequently as needed.

Example: She decided to open a current account to conveniently manage her daily expenses.

As an adjective:

Sense 1:

When used as an adjective, current account describes the ongoing status or the latest information on a specific topic.

Example: The website provides current account updates on various financial market trends.

Sense 2:

As an adjective, current account can also refer to a financial decision or arrangement that relates to a person's or organization's current situation.

Example: The current account deficit is a concern for the economic stability of the country.

Related Products:

• Current Account Books
• Current Account Management
• Current Account Analysis